Bitcoin price action shows increased volatility, dipping to $87,600 before recovering slightly to around $89,400.
The Crypto Fear and Greed Index has dropped to 17, signaling extreme fear for over 30% of the past year.
Michael Saylor hinted at further Bitcoin acquisitions by MicroStrategy amid the price decline.
Key support levels at $88,500 hyphen $89,000 are under test, with risks of a drop to $80,000 if breached.
Bitcoin experienced renewed volatility on December 15, 2025, falling below $88,000 amid persistent bearish pressure. The leading cryptocurrency dipped to $87,600 during Sunday trading, erasing recent gains and highlighting ongoing market uncertainty. Analysts note that this move comes after a period of extreme low volatility, with traders anticipating a significant price shift.
Market sentiment has shifted dramatically, with the Crypto Fear and Greed Index registering at 17, firmly in extreme fear territory. This level has persisted for more than 30% of the past year, reflecting investor caution following Bitcoin’s 30% decline from its all-time high. The index’s reading aligns with broader equity market fears, as seen in the CNN Fear and Greed Index at 42.
Michael Saylor Hints at Next Bitcoin Buy Bitcoin fell to $87,600 amid more Sunday selling pressure, while Michael Saylor hinted that Strategy would buy more.
— Cryptopress (@CryptoPress_ok) December 15, 2025
The price drop coincides with technical indicators flashing bearish signals. A November death cross marked a local bottom near $80,000, but current moving averages remain pessimistic across timeframes. Oscillators show neutrality, with RSI at 43 and MACD negative, suggesting weak momentum that could lead to further downside if supports fail.
Michael Saylor, MicroStrategy’s founder, hinted at additional Bitcoin purchases, potentially providing a bullish counterpoint. “Don’t wait until your banker tells you to buy Bitcoin,” Saylor posted on X earlier this year, underscoring his long-term bullish stance (via X). Such moves by institutional players could bolster prices, but liquidity worries persist after Bitcoin shed Fed-fueled gains last week.
Don’t wait until your banker tells you to buy Bitcoin.https://t.co/7brBqMKAOI
— Michael Saylor (@saylor) October 24, 2025
Support levels are critical. Bitcoin is clinging to $88,500 ~ $89,000, with trading volume at $35.66 billion in the last 24 hours. A break below could target $80,500 ~ $82,000, while resistance looms at $90,600. For context, Bitcoin and Ethereum prices reflect similar market pressures.
Analysts warn of risks, noting that every death cross this cycle has signaled a bottom, but current conditions differ due to macroeconomic factors. “The latest death cross in November has so far marked a bottom of around $80,000,” according to market observers (CoinDesk).
For more on Bitcoin’s recent dip, see this related article: Bitcoin Falls Below $90,000 Amid Extreme Market Fear.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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