Bitcoin trades near $91,500, consolidating within a well-defined range. The Fear & Greed Index has recovered from 8 → 18, and futures open interest has flushed out excess leverage—signs of a clean technical reset that typically precedes stabilization. Macro conditions remain supportive, with an 84% Fed cut probability and strong equity expectations heading into 2026.
Institutional activity is notable. JPMorgan’s filing for a leveraged Bitcoin product after highlighting MSTR index-exclusion risks, shows that institutional appetite persists despite public skepticism. Market interpretation favors opportunistic accumulation rather than sector withdrawal.
Key Levels: Support at 86,326.26 │ Resistance at 92,328.46 / 98,029.19
Investor Takeaway: Constructive base intact; upside toward R1 likely, but confirmation depends on post-holiday volume.
Important: Keep an eye on January 15, 2026, when the MSCI/Nasdaq decision regarding MSTR could trigger volatility in Bitcoin-linked equities, even as institutional flows favor spot ETFs over corporate proxies.
