Wintermute Strategist Sees Bitcoin Trading Between $86,000 and $92,000 Amid Profit-Taking

Bitcoin may trade within a $86,000 to $92,000 range, Wintermute trading strategist Jasper De Maere said on Dec. 20, according to BlockBeats. He expects more profit-taking over the next two weeks, driven by year-end portfolio rebalancing and tax considerations. De Maere said Bitcoin's sideways price action could persist until a fresh catalyst emerges, pointing to a large batch of options expiring in late December as one potential trigger, though he added it is too early to confirm a market bottom despite early signs of bottoming and short-term oversold conditions.