As of December 5, 2025, Bitcoin's price is exhibiting a consolidation pattern, currently trading at around $92,770( with a 24-hour decline of 0.67% and a trading volume of $85.391 billion. The overall market is fluctuating between strong support at $90,600 and strong resistance at $94,150, with momentum weakening and the trend direction remaining unclear.

From a technical perspective, the daily chart shows a bullish engulfing pattern, suggesting short-term rebound potential, but the price is below the moving average system, making the trend signal ambiguous. The 2-hour chart displays an upward movement, with multiple tests of the $93,000 psychological resistance level. The MACD indicator remains bullish, and the EMA lines are arranged in a bullish pattern, supporting short-term price strength. However, the current Relative Strength Index (RSI) and market sentiment still require attention. If the $93,000-$94,000 resistance zone is effectively breached, there may be a chance to challenge the $100,000 psychological level.

On the institutional side, Bitcoin ETFs have achieved net inflows for the fifth consecutive trading day, with a net inflow of $58 million on Tuesday. Meanwhile, Vanguard's policy reversal allowing cryptocurrency ETF trading has somewhat boosted market sentiment. On-chain data shows an increase in addresses holding over 1,000 bitcoins, indicating that large investors are accumulating during pullbacks. There has been a net outflow of 3,959 bitcoins from exchanges in the past 24 hours, alleviating some of the market's overheating risk.

Friendly reminder: The cryptocurrency market is highly volatile, and investment should be approached with caution. It is recommended to closely monitor the breakout of key support and resistance levels and make decisions based on your own risk tolerance.