Bitcoin is trading around ~$87,900 with slight negative movement on the daily.
Over the past week, BTC has shown sideways to slightly bearish price action, struggling to break above key resistance zones near ~$90K. �
CoinCodex
📉 Technical Sentiment
Multiple technical indicators signal bearish sentiment overall, with moving averages pointing downward and the Fear & Greed Index in the extreme fear zone. �
DigitalCoinPrice
Short-term momentum (RSI) is neutral to weak, suggesting limited upward conviction unless volume improves. �
CoinCodex
Key support levels sit around $80K–$82K, with critical pivot at ~$89K–$92K. Failure to reclaim these could extend short-term weakness. �
TechStock²
🚨 Recent News & Market Drivers
Volatility & risk sentiment
BTC dropped below $90K recently as broader markets reacted to risk-off sentiment linked to tech/AI earnings concerns, dampening appetite for risk assets including crypto. �
Reuters
Altcoins & market rotation
Some low cap cryptos have outperformed BTC in the short term, showing traders rotating into higher-beta assets. �
Navbharat Times
📊 Forecasts & Outlook
Mixed projections for year-end / next year
Some models predict BTC could range between ~$80K and ~$96K into late 2025, with a breakout above $100K if macro or liquidity conditions improve. �
Coinpedia Fintech News +1
Wall Street analysts and major financial institutions have issued bullish long-term targets, with forecasts ranging up to $143K–$170K+ in 2026 under favorable ETF inflows and regulatory clarity. �
MarketWatch +1
📌 Fundamental Factors
Institutional and regulatory
Continued institutional interest via ETFs and regulatory frameworks in large markets like the U.S. remain a key long-term bullish driver. �
MarketWatch
Macro & liquidity environments
U.S. monetary policy decisions, macro volatility, and geopolitical risk influence BTC’s correlation with risk assets in uncertain environments, BTC can act as both risk asset and store of value at times. (Current sentiment leans risk-off.)
📈 Key Takeaways
Short-term:
Bearish to neutral, with constrained upside until Bitcoin clears above immediate resistance near ~$90K.
Supports around $80K are important a break below could extend the downtrend.
Medium-term (2026):
Potential for renewed rally if institutional flows continue, and regulatory clarity improves several major forecasts still target six-figure levels.
Long-term:
BTC’s role as a digital store of value and hedge asset continues to strengthen with broader adoption, but volatility and macro headwinds could remain influential.