Bitcoin Holds Around $86,000 Today — Is a Recovery on the Horizon?

Jakarta, Pintu News – Bitcoin (BTC) price is trading at around $86,460 on Dec. 1 after a sharp drop that broke through an important intraday trend line.

This drop comes after a huge surge in spot outflows, indicating that sellers are rapidly distributing their assets as the price approaches the crucial demand zone in the range of $84,000 to $82,000.

Then, how will the Bitcoin price move today?

Bitcoin Price Drops 0.06% in 24 Hours

On December 2, 2025, Bitcoin was priced at $86,525, or approximately IDR 1,445,566,200, marking a slight decline of 0.06% over the past 24 hours. During this period, BTC fluctuated between a low of IDR 1,399,815,884 and a high of IDR 1,453,339,912.

At the time of writing, Bitcoin’s market capitalization is around IDR 28,797 trillion, while its 24-hour trading volume has surged by 50%, reaching IDR 1,329 trillion.

Read also: How to Buy Bitcoin in Indonesia

Spot Outflows Signal Continued Distribution

Data from Coinglass recorded a net outflow of $358.26 million on December 1. This was one of the largest outflow days in recent weeks, and confirms that liquidity continues to exit the market instead of entering.

This pattern was consistent throughout November. The flow chart shows a predominance of solid red, which means that exchange participants continue to remove BTC from long-term positions and increase selling pressure. When outflows converge over several sessions, the price usually weakens sustainably.

Downtrend Persists as Price Remains Below Key EMAs

Bitcoin is currently trading below the 20, 50, 100, and 200-day EMAs, which are in the range of $92,100 to $104,897. This entire range is now a layered wall of resistance. Every time the price tries to break back above the lower EMA, there is an immediate sharp rejection-signaling that sellers are defending these levels strongly.

A downtrend line drawn from the October peak is still limiting any recovery attempts. Earlier this week, Bitcoin briefly tested the line at around $98,000, but was immediately rejected, resulting in a long tail on the chart and selling pressure mounting again.

The Supertrend Indicator is at $98,103, showing how far the current price is from the uptrend confirmation level. As long as BTC hasn’t been able to reclaim this zone, buyers are still on the defensive.

The general market structure shows a consistent pattern: lower peaks and lower bottoms. Until Bitcoin is able to break this pattern, any price increase is likely to be perceived as a short-term reaction, not a true change in trend.

Intraday Weakness Indicates Buyers’ Momentum is Starting to Fade

On the 1-hour chart (2/12/25), Bitcoin broke below the uptrend line that has been supporting the price since November 22. This break triggered a rapid decline from $92,000 to $85,500, leaving a trail of net rejection on the downside of the trendline.

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The Parabolic SAR indicator remains above the price, confirming the continuation of the downward trend. The RSI is around the 31 level, showing a slight recovery from oversold conditions, but not yet signaling a trend reversal.

Buyers attempted an initial bounce from the $85,000 region, but the market structure still looks fragile. An attempt to reclaim the $87,984 level would be an early sign of short-term stabilization, but a stronger recovery would require much larger volumes than seen in the last 24 hours.

Mixed Sentiment After Elon Musk’s Comments

A snippet of Elon Musk’s latest interview is widely circulated, in which he says, “Energy is the real currency, which is why I say Bitcoin is based on energy.”

This statement sparked discussion among the public, but had no significant impact on price movements. Bitcoin’s short-term direction is still mostly influenced by fund flows and technical signals, while public comments have not been able to offset the ongoing selling pressure.

Outlook: Will Bitcoin Price Rise?

Bitcoin’s next movement depends heavily on how the price reacts in the $84,000 to $82,000 zone – this area being the most crucial support in the current structure.

Bullish Scenario:
If the price bounces off the support zone and manages to reclaim the $92,100 level, the first EMA resistance will be broken. A close above $98,103 will change the direction of the Supertrend indicator and signal the return of the short-term trend strength. A break above the downtrend line will confirm a shift in direction towards the $104,000 to $112,000 target.

Bearish Scenario:
In the event of a daily close below $82,000, a deeper correction will be confirmed and open the way towards the $78,500 zone. If this level also fails to hold, the price risks sliding to the mid-$70,000 range due to thin liquidity.

Bitcoin needs to successfully break $92,100 again to neutralize the downtrend. Conversely, if it falls below $82,000, then this move could potentially turn into a major correction with lower targets.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinEdition. Bitcoin Price Prediction: Sellers Tighten Control As Spot Outflows Hit $358M. Accessed on December 2, 2025