Bitcoin Price Forecast: BTC Dips Under $90k as Metaplanet Highlights 'Important' Proposal

Bitcoin Price Movement: Bitcoin's price has slightly decreased to $89,634, with trading volume dropping by 31% to $35.3 billion, as it struggles to maintain levels above $90,000.

Metaplanet's Shareholder Meeting: Japan-based Metaplanet is preparing for an extraordinary general meeting on December 22, focusing on crucial proposals regarding preferred share issuance and its BTC accumulation strategy, where it currently holds 30,823 BTC.

Market Analysis and Predictions: Technical analysis indicates that Bitcoin is at a critical point within a falling wedge pattern, with potential for a breakout if bullish momentum continues, targeting resistance levels above $107,500.

External Economic Factors: Traders are concerned about the upcoming interest rate hike by the Bank of Japan, which may impact risk assets like Bitcoin, alongside bearish signals from the SuperTrend indicator suggesting a possible significant price drop.