2025-12-30 15:56:40

- Bitcoin Price Outlook: Bitcoin is at risk of testing the support line near $85,000:

Bitcoin failed to break above $90,000 on Monday, resulting in a nearly 1% pullback. As of this report, Bitcoin is recovering above $88,000, continuing a short-term sideways trend amid market uncertainty.

To reaffirm the bullish trend, Bitcoin's daily close should be above $90,588, in line with the highest level recorded on December 22. If this level is reached, the bullish target could be the 50-day exponential moving average (EMA) at $91,924, followed by the lowest level recorded on November 14 at $94,012.

Technical indicators on the daily chart remain generally neutral. The Relative Strength Index (RSI) is hovering at 44 below the midline. If the RSI continues below this line, it indicates ongoing selling pressure with room for further decline, suggesting a potential bearish trend.

However, the Moving Average Convergence Divergence (MACD) and the signal line remain in an upward trajectory, targeting the zero line. Nonetheless, the nearby moving average lines are at risk of a potential crossover, which could reignite bearish momentum.

BTC/USDT daily price chart.

If Bitcoin's correction extends, it may test the local support trendline connecting the lows of November 22 and December 1, near $85,000.

BTC-0,74%

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Before00zero

2025-12-30 15:55:20

- Corporate and whale demand outweighs outflows from exchange-traded funds.
Institutional demand for Bitcoin continues to decline, as evidenced by seven consecutive days of outflows from US spot Bitcoin ETFs. Data shows net outflows of $19.29 million on Monday, in addition to $782 million of total outflows recorded last week. If institutional demand for Bitcoin continues to decrease, it could lead to increased selling pressure.

Bitcoin ETF data (BTC) in the United States. Source: Sosovalue

According to Arkham Intelligence’s blockchain analytics platform, BlackRock deposited more than 2,200 Bitcoin on Coinbase Prime. This reduction in the fund’s holdings by the largest provider of Bitcoin ETFs, based on assets under management, reflects a loss of confidence and may increase selling pressure.

BlackRock holdings data. Source: Arkham Intelligence.

On the corporate front, MicroStrategy acquired 1,229 Bitcoin last week, bringing its total holdings to 672,497 Bitcoin with an average price of $74,997. Additionally, MicroPlanet purchased 4,279 Bitcoin over the past three months, currently holding 35,102 Bitcoin with an average price of $104,679. This overall stability in corporate confidence in Bitcoin indicates a trend toward buying during price dips.

In a positive development, large wallet investors, known as whales, are withdrawing Bitcoin from trading platforms, indicating renewed demand. According to Lookonchain, two newly created wallets withdrew 2,201 Bitcoin from Binance, which may suggest market optimism for a rebound at the start of the new year.

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