Bitcoin plots comeback against gold below $90,000.

BitcoinBTCBTC prices continued to fall as Wall Street traders expected further price declines.

The following are key points.

• Bitcoin Shorts continue to pile up ahead of Wall Street’s opening, as Bitcoins and precious metals separate.

• The $90,000.00 remains unbeaten.

• Bitcoin prints bullish divergences both against the US dollar as well as gold.

BTC Price Action: Traders Bet on Buying the Dip

The Data of TradingView BTC/USD traded down about 1% for the day.

You can also read our article on After rejecting at $90,000 On the previous day, gold and Silver had reached all-time records, while the expectation for these two pairs was not high.

“$BTC Keeps rejecting from its 4H 200MA/EMA Trend,” Daan Crypto Trades trader Daan observes in his latest analysis On X. 

“If this wants to get out of this choppy range, that would be the first level that needs to be broken on the upside.”

Daan Crypto Trades referred moving averages (EMA and SMA) of 200 periods. “cloud” On four-hour schedules.

Crypto Tony decided to take a similar approach and waited for new intraday bottoms before he entered a position.

$BTC / $USD Update

Today I’m waiting for the move to 86,000 for an entry that could be long upon holding.

The weather is going to be a bit nippy in the next couple of days but we’re still determined to see the same big movements as yesterday. pic.twitter.com/vNuNkhEdpv

— Crypto Tony (@CryptoTony__) December 23, 2025

“$BTC is back around the $88,000 level. Any move towards the $90,000 level has faced a lot of selling,” Ted Pillows, a crypto-analyst and entrepreneur, agreed. 

“Until Bitcoin reclaims that zone, the sideways chop will continue.”

The whale opened the $166.822,000 $BTC Positions shortening

The total amount of money he has opened is $54,856,000 $ETH The amount is $18,790,000 $SOL Short positions pic.twitter.com/LPd7Iu3EmU

— Ted (@TedPillows) December 23, 2025

Pillows reported that a large whale entity opened short positions in Bitcoin and Ether.ETHSolana (SOLThe day’s worth of almost $250,000,000.

Bitcoin charts plot gold’s comeback movement

Market bulls are focusing on a divergence in the price action on a three-day chart.

Related: $90K BTC vs. record gold price: 5 things to know in Bitcoin this week

Bitcoin’s relative Strength Index (RSI), on the other hand, was exhibiting higher lows whereas its price had lower lows.

“Pretty sure the bottom is in – and $BTC will push back into six-figure territory soon enough,” Jelle, a trader from the market commented on this topic.

Pillows noted BTC/USD formed a low after the two previous bullish divergences of three days.

A bullish divergence was also visible on the BTC/XAU daily chart as gold reached $4,500 per ounce. at key support.

“Gold has pushed to fresh all-time highs, while BTC has remained stubbornly range-bound heading into Christmas week,” QCP Capital’s latest trading resource “US ColorThe market report for today.

“Liquidity is thinning meaningfully as traders close out positions ahead of the holidays.”

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