Technical analysis by ScottMelker about Symbol BTC on 12/8/2025

itcoin continues to struggle to find a clear direction. The weekly 50 MA is still around 102K - even if we are in a bear market, that should be retested as resistance, like it has in every past “cycle.” For now, I remain in the camp that we are likely in a normal bull market correction and that we will eventually see further upside. In the short term, we can use this chart as a guide for a break up or break down. Right now, we remain sideways.