Bitcoin (BTC) Price Decline: Is the Downtrend Back in Control of the Market?

Jakarta, Pintu News – Bitcoin (BTC) recently experienced a significant price drop, breaking through the $88,000 support zone. Currently, BTC is in a consolidation phase and seems to be facing difficulties to break back into the $88,500 zone.

Recent Price Drop Analysis

Bitcoin (BTC) failed to maintain the momentum to break the $90,000 and $90,500 levels. As a result, the cryptocurrency saw a decline and went below the $88,500 support. The price even dropped below the $87,000 support. However, buyers became active in the $85,000 zone, with the lowest price recorded being $85,151.

Currently, Bitcoin is below the 23.6% Fibonacci retracement of the move down from the high of $93,560 to the low of $85,151. Bitcoin is now trading below $88,000 and the 100-hour simple moving average. If buyers remain active, there is a possibility that the price will try to rise again.

Immediate resistance is near the $87,150 level, with the first key resistance at $87,500. The next resistance is $88,000. If it manages to break the $88,000 resistance, the price could go even higher, possibly reaching the $89,000 resistance. There is also a bearish trend line with resistance at $89,000 on the hourly chart of the BTC/USD pair.

Also Read: 7 Reasons Ripple (XRP) Prediction to Break $100 is the Global Crypto Talk

Further Price Drop Possible

If Bitcoin fails to break the $87,000 resistance zone, there could be another price drop. Immediate support is near the $85,500 level, with the first major support at $85,000. The next support is now at the $83,500 zone.

A further drop could take the price towards $82,500 support in the near future. Key support is at $80,000, below which BTC may see a faster decline.

Key Technical and Support Indicators

The hourly MACD indicator is currently showing a decrease in momentum in the bearish zone. Meanwhile, the Relative Strength Index (RSI) for BTC/USD is currently below the 50 level. The key support level is at $85,500, followed by $85,000.

Meanwhile, the key resistance levels are $88,000 and $89,000. Investors and traders should monitor these indicators to get a better understanding of Bitcoin’s potential price movements going forward.

Conclusion

With the current volatile market conditions, market participants should remain vigilant on Bitcoin price movements. Keeping an eye on technical indicators and support and resistance levels can help in making more informed investment decisions.

Also Read: Bitcoin Stuck Below $94,000: When Will Price Recovery Happen?

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FAQ

What caused the Bitcoin (BTC) price to drop through $88,000?

The decline came after Bitcoin failed to maintain momentum above $90,000 and $90,500. According to NewsBTC’s technical analysis, selling pressure increased, causing the price to drop below the $88,500 support zone.

At what level was Bitcoin’s lowest price recorded in this downturn?

Bitcoin’s lowest price was recorded around $85,151. This level came after the price briefly dropped below $87,000 before buyers started to get active in the area.

What does the consolidation phase that Bitcoin is currently going through mean?

A consolidation phase means that the Bitcoin price is moving within a limited range after a sharp decline. This indicates that the market is looking for the next direction, either to continue its recovery or to weaken again.

What resistance levels is the market currently monitoring?

The next key resistances are $88,000 and the $89,000 area which coincides with the bearish trend line on the BTC/USD hourly chart.

What are the risks if Bitcoin fails to break through the resistance zone?

If it fails to break the $87,000-$88,000 resistance, the price could potentially experience a further decline. In this scenario, the market will again test the lower support areas.

Where are Bitcoin’s main support levels right now?

The immediate support is at $85.500, with the major support at $85.000. Further support is in the area of $83.500 to $82.500, while $80.000 is cited as the next major support.

What do the technical indicators signal about BTC’s movement?

The hourly MACD indicator is still in the bearish zone, signaling that the negative momentum has not completely disappeared. The BTC/USD RSI is also below the 50 level, indicating that selling pressure is still more dominant.

Does this reflect the long-term trend of Bitcoin?

This is more reflective of short- to medium-term movements based on technical analysis. The long-term direction of Bitcoin remains influenced by macroeconomic factors, market sentiment, and the development of the cryptocurrency industry at large.

Reference

• NewsBTC. Bitcoin Price Drops to $85K. Accessed on December 17, 2025