Technical Analysis

As the weekend progresses, Bitcoin is trading in a tight range with low volatility, and analysts are focusing on short-term scalp setups around clearly defined price zones. Lennaert Snyder is watching resistance near $88,865 and $89,375 and support around $87,420 and $85,890 for potential long and short opportunities. Daan Crypto Trades notes that price has been largely unchanged for weeks and expects choppy action around the upcoming Christmas holidays.

Ethereum's Estimated Leverage Ratio on Binance reached 0.611, a new all-time high, while the taker buy/sell ratio climbed to 1.13, signaling firmer demand. ETH fell to $2,781 on December 18 and remains below $3,000 as traders position for a potential breakout. One analyst highlights $3,100–$3,200 if the $2,700–$2,800 support area holds.

CryptoQuant analysts report that Bitcoin demand growth has weakened since October 2025, as ETF holdings fell by about 24,000 BTC and the price dropped under its 365-day moving average near $98,172. They argue these shifts, alongside the lowest funding rates since December 2023, point to a developing bear market, even as some market observers still anticipate higher BTC prices in 2026 amid potential interest rate cuts.

Over the past week, Sei's SEI token lost the $0.1206 support, exposing a downside pocket near $0.0689 while whales took the sell side in spot markets. At the same time, derivatives volume climbed to $32 million and Open Interest increased, showing leveraged positioning despite weak price momentum. Technical indicators such as RSI and MACD remain soft, and analysts are watching $0.1261 and $0.20 as key levels for any structural recovery.

Chainlink (LINK) is stabilizing around $13.6–$13.7 and rebuilding a bullish structure, with $14.8–$15 cited as the next resistance. Coinbase selected Chainlink's CCIP as the exclusive bridge for Coinbase Wrapped Assets, which together hold roughly $7 billion in market cap. A Chainlink ETF obtained Federal Register approval to trade on NYSE Arca.

Binance's Inflow-Value Band chart signals XRP could slide toward the $1.50–$1.66 area, with initial support noted at $1.82–$1.87. On December 19, 2025, on-chain analyst Pelinay highlighted that large-holder inflows are dominating, aligning with repeated failures to reclaim $2.30 on weekly timeframes and raising the risk of a break below the $2.00 psychological level.

CryptoQuant data shows addresses labeled as new Bitcoin whales now represent almost 50% of Bitcoin’s realized cap, a level that seldom topped 22% before 2025. Analysts add that short‑term holder supply grew by roughly 100,000 BTC in 30 days, while exchange flows indicate around 37% of BTC sent to Binance came from 1,000–10,000 BTC wallets.

On December 20, Shiba Inu (SHIB) was trading around $0.00000743 after sliding 1% over the previous day. Short-term charts show the price moving in the middle of a local range with no clear dominance from buyers or sellers. If the daily candle closes near current levels, consolidation between $0.00000720 and $0.00000760 is anticipated, while a break below $0.00000678 could open the way toward the $0.0000050-$0.0000060 zone.

On December 20, XRP advanced 2.57% and was quoted at $1.9345 at press time. Intraday price action highlights nearby resistance at $1.9588; a daily close near that level could open the path toward the $2 threshold, while range-bound trading between $1.90-$2 remains plausible after a recent false break of $1.80.

On December 20, Bitcoin hovered near $88,222 after a 0.25% rise over the past 24 hours. According to CoinMarketCap, weekend momentum leans bullish, while the hourly range spans $87,791 to $88,522. A sustained break above $90,000 is seen as necessary for upside, with low volume hinting at muted volatility into month‑end.