Bitcoin Price Rises to $88,445 Amid 8% Drop in Trading Volume
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Movement: Bitcoin's price increased by over 1% in the last 24 hours to $88,445, despite an 8% drop in trading volume to $39.3 billion, indicating cautious sentiment among market participants regarding future trends.
- Rate Expectations: Investors' expectations for the Federal Reserve to maintain interest rates in January have reached 87%, which may influence Bitcoin's investment sentiment and reflects the market's sensitivity to monetary policy.
- Technical Analysis: Bitcoin is currently consolidating within the $81,000 support range, and if it breaks above the 50-day SMA at $89,853, it could drive prices higher, targeting the resistance level at $94,000.
- Market Sentiment: Although Bitcoin shows slight bullish pressure with the MACD turning positive, and the RSI fluctuating between 40-50, indicating ongoing consolidation, investors should remain cautious of potential price volatility.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






