Recently, $BTC dropped from a high near $126,000 (October 2025) to below $90,000 — reflecting a sharp correction and broader risk-off sentiment in markets. Reuters+1
The steep retreat erased a large portion of the prior rally, putting BTC back into a consolidation / uncertainty phase.
From recent technical-analysis reports and chart data:
🔹 Key Support Zones
≈ $90,000–$92,000 — psychological / major support zone, now crucial to hold for stability. Coin E Tech+1
$85,000–$88,000 — deeper support if the $90K area fails, may offer value for dip-buyers (especially long-term). Reuters+1
🔹 Key Resistance / Overhead Supply Zones
$100,000–$108,000 — first major resistance cluster; breaking above this could rekindle bullish momentum. ClipsTrust+1
$115,000–$120,000 — medium-term target zone if BTC regains strength. Previous highs around $126,000 remain a distant but psychologically important ceiling. ClipsTrust+1
🔹 Market Structure & Volume/Trend Signals
The recent crash came with elevated volatility and heavy selling — institutional and retail participants seem cautious. Reuters+1
Some technical-analysis frameworks suggest that as long as BTC holds above major support zones (like $85K–$90K), the long-term bullish structure remains intact. MEXC+1
On the flip side, breaking below those supports on strong volume could trigger a deeper correction, potentially toward lower demand zones.
⚠️ What’s Driving Current Risk & Sentiment
A pullback in institutional demand and negative macro/risk sentiment dragged BTC lower in November–December 2025.
Outflows from crypto ETFs and increased risk-off sentiment among investors reduce immediate bullish pressure.
However, some “whale” and large investors are reportedly shifting from shorts to longs — hinting at a possible accumulation phase if market stabilizes.