Bitcoin hovers near $87,800; channel caps at $94,600 amid mid-December fear

Bitcoin is trading around $87,800 with $13.6 billion in daily volume and a $1.75 trillion market cap. According to the Crypto Fear & Greed Index, sentiment has stayed in "extreme fear" since mid-December as price consolidates after a 30% pullback from October's $126,080 peak. Key levels include $88,600 for upside toward $90,500–$92,500 and $86,300 for downside exposure to $84,450.