Market snapshot
Current $BTC price: ≈ $92,729
Recently, Bitcoin fell from its early-October all-time high (~ $126,000) and has dropped roughly 30–35% since then.
The decline in recent weeks appears driven by profit-taking, weak ETF and institutional demand, and a broader risk-off mood in global markets.
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🔎 What’s going on — Key Context & Risks
According to recent analysis:
December has opened with volatility. BTC dipped to the mid-$85,000s before recovering toward ~$90–92K.
Some crypto analysts warn that, unless “on-chain” indicators (such as accumulation by long-term holders) improve, Bitcoin could revisit earlier support zones.
On the supply side: continued inflows of BTC from large holders to exchanges increases selling pressure, reducing upside momentum for now.
At the same time, underlying fundamentals for mid- to long-term remain — the 2024 “halving” has reduced new supply, which tends to support long-term value if demand returns.
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🧭 Key Technical / Strategic Levels
Price Zone Significance
Support ~ $85,000–88,000 Recent low area; if broken, could open deeper correction.
Resistance ~ $93,900–97,000 If BTC breaks above, may restore bullish momentum.
Major long-term target $110,000–125,000+ If demand and macro environment improve, many models see this as possible by end-2025.
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🎯 What to Watch — Short & Mid-Term Scenarios
Bearish scenario:
If $BTC fails to hold support near $85–88K, downside toward $75–80K cannot be ruled out — especially if institutional outflows continue or macroeconomic headwinds worsen.
Base / Neutral scenario:
Bitcoin consolidates between $88K and $97K for a few weeks, forming a base. Then a break above resistance could set the stage for recovery.
Bullish scenario:
If demand returns (e.g. renewed institutional interest, favorable macro conditions), BTC might resume an upward trajectory toward $110K–125K by end of year.#BTC #Bitcoinhaving #WriteToEarnUpgrade #BinanceAlphaAlert #BTCRebound90kNext?
