Bitcoin 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 the $82.500 support in the near term. Major 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 levels are 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 future price movements.

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 Bitcoin (BTC) to drop through $88,000?

The decline came after Bitcoin failed to maintain momentum above the $90,000 and $90,500 levels. 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 at $85,151. This level came after the price dropped below $87,000 before buyers became active in the area around $85,000.

What is the consolidation phase in Bitcoin’s current movement?

A consolidation phase means that Bitcoin price is moving within a limited range after a sharp decline. This indicates that the market is looking for further direction, either a short-term recovery or a further decline.

What resistance levels is the market currently monitoring?

The next major resistance is the $88,000 and $89,000 area, which also coincides with the bearish trend line on the BTC/USD hourly chart.

What happens if Bitcoin fails to break out of the resistance area?

If Bitcoin fails to break the $87,000-$88,000 resistance zone, there is potential for a further decline. In that scenario, the market is likely to test lower support levels again.

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 at $83.500 and $82.500, while $80.000 is cited as the next major support.

What do technical indicators signal about current market conditions?

The hourly MACD indicator shows that momentum is still in the bearish zone. Meanwhile, the BTC/USD RSI is below the 50 level, which indicates 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. Bitcoin’s long-term direction remains influenced by macroeconomic factors, global market sentiment, and cryptocurrency industry dynamics.

Reference

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