On December 11, Chinese crypto analyst Banmu Xia posted an article stating, "Bitcoin saw a surge in the early hours of today, but the magnitude was insufficient. Currently, the rise from $80,500 appears to be a leading wedge pattern."
Meanwhile, $89,000-$90,000 is a relatively strong support level. The market projects an upward move of $103,500-$112,500 over the next month. The process is likely to be very bumpy.
