S$BTC hort‑Term Price Action
Bitcoin has been trading weaker recently, slipping near the mid‑$80,000s amid continued selling pressure and ETF outflows. CoinDesk+1
Multiple outlets report a downtrend from recent highs, with price failing to reclaim key resistance zones and potentially targeting lower support if bearish momentum persists. CryptoPotato+1
🧠 Technical & Sentiment Signals
The market is broadly seen as oversold on lower timeframes, but analysts are not yet convinced a solid bottom is in place. CoinDesk
On‑chain data suggests much of the recent selling comes from short‑term holders, while long‑term holders largely remain steady. Reddit
📊 Key Levels to Watch
Support: ~$80,000–$85,000 zone (critical for bulls). Blockchain News
Resistance: Break above ~$94,000–$95,000 needed to shift toward a more bullish outlook. Blockchain News
📈 Bullish vs Bearish Scenarios
Bullish case:
• Range continuation and a breakout above ~$95,000–$105,000 could re‑ignite upside momentum into year‑end. Blockchain News
• Short‑term rallies targeting around ~$91,000–$92,000 remain possible if market structure stabilizes. Blockchain News
Bearish risk:
• A decisive break below the $85,000 support might lead to deeper retracements or extended consolidation. Blockchain News
🧩 Market Context
Bitcoin’s yearly performance has softened after strong 2025 highs, and December seasonality historically trends weaker when preceding months close down. MEXC
Broader macro and risk‑off sentiment (e.g., crypto vs. traditional assets like gold) continues to influence BTC’s price behavior. Barron's
Summary: Short‑term action is choppy and range‑bound with a slight bearish bias unless key resistance is reclaimed. Bulls need higher highs and volume to regain control, while bears watch for a break of support for further weakness. Always consider risk management—crypto markets remain volatile.
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