BTC rally stalls as market awaits recovery in US demand

A sustained Bitcoin rally next year will require a recovery in demand from U.S. investors and a decisive break above the $90,000 short-term resistance level, according to an analysis by Cointelegraph. The outlet noted that a key metric for real demand has turned negative again. Data from Capriole Investments shows its BTC Real Demand indicator has fallen to -3,491 BTC over the past two weeks, its lowest level since last October, signaling a sharp slowdown in demand. Simultaneously, the Coinbase Premium has dropped rapidly to -0.08 in the same period, suggesting that selling pressure from U.S. investors has not fully abated. Cointelegraph concluded that the market's key pivot points are the recovery of U.S. investor demand and a break above $90,000. The analysis suggests that if Bitcoin can hold support at $84,000 and reclaim the $90,000 to $92,000 range, bullish momentum could be reignited.