Analysts suggest that Bitcoin may fluctuate in the range of $86,000 to $92,000

Jasper De Maere, a trading strategist at Wintermute, stated that Bitcoin may fluctuate within the range of $86,000 to $92,000. It is currently not advisable to overinterpret technical indicators, and more profit-taking is expected in the next two weeks, primarily driven by year-end portfolio adjustments and tax factors.

He anticipates that Bitcoin's sideways movement will continue until new catalysts emerge, one of which could be the large options expiration in late December. De Maere mentioned that while it is still too early to assert that the market has bottomed out, signs of a bottom are beginning to appear. "In the short term, I am confident that we are oversold."