Bitcoin price today is trading near $87,000, hovering just above a fragile short-term support zone as sellers continue to dictate structure. The market remains locked below the steeply declining trend line from the October peak, while persistent spot outflows limit any recovery attempts. Bitcoin is approaching a new decision point on December 25th as volatility compresses and momentum weakens.
Structure becomes heavier due to trend line breakdown
BTC price action (Source: TradingView)
On the daily chart, Bitcoin is still in a correction phase after losing the uptrend line that supported its rise to October highs above $126,000. This break decisively changed the character of the market. Since then, the price has recorded lower highs and lower lows, with each rally failing under dynamic resistance.
The downtrend line is currently intersecting near the $90,000 to $92,000 area. All attempts to reclaim the region have stalled, reinforcing bearish bias. Bitcoin is also trading well below the major EMA cluster. The 20-day EMA is near $88,800, the 50-day EMA is near $93,000, and the 100-day EMA is near $98,700. The 200-day EMA near $101,700 is still well above the price, highlighting how far the market has strayed from its previous trend.
Related: Ethereum Price Prediction: ETH trades sideways during resistance…
The supertrend remains firmly in the red on the daily timeframe, confirming that sellers maintain directional control. The broader structure will remain corrective until the price closes above the EMA for at least 50 days.
Short-term charts show weak follow-through
BTC price dynamics (Source: TradingView)
The 2-hour chart confirms the lack of conviction. The price continues to swing between $86,000 and $89,000, with the parabolic SAR dot largely remaining above the price. The short-term rebound has been met with selling near $88,500 to $89,000, respectively.
Directional indicators also indicate that momentum is weakening. DMI readings indicate that the strength of the trend is weakening and that buyers are not clearly in the ascendancy. This is consistent with the larger picture of consolidation within a bearish framework rather than accumulation ahead of a breakout.
Upward pressure on prices continues due to spot outflows
BTC Netflows (Source: Coinglass)
Flow data continues to validate the chart structure. Bitcoin spot net flows remain negative, indicating that liquidity is flowing out of exchanges rather than flowing into them.
Related: Pi Network Price Prediction: Buyers hold $0.2 as market waits for direction change
Net outflows on Dec. 24 showed an additional $21.6 million in outflows, a pattern that continued through most of the fourth quarter.
A story that emphasizes emotions towards the end of the year
Beyond the charts, Bitcoin's year-end weakness reflects structural pressures rather than a lack of macro support. Analysts at the London Crypto Club highlight selling by long-term holders around the $100,000 level, which is not dependent on a stable price. This supply acted as a mechanical overhang, absorbing bids even as liquidity conditions improved.
The belief in Bitcoin's four-year cycle has also become self-defeating. With a halving story widely expected, traders got ahead of the move, triggering early profit-taking rather than trend extension. As a result, the rally quickly stalled instead of getting worse.
The $19 billion liquidation incident in October left an even deeper scar. Although prices rebounded, liquidity providers appear to have subsequently reduced exposure, thinned the order book, and limited follow-through through December. The market has stabilized, but the trend strength is still weak.
Bitcoin is not a hedge, but also functions as a risk asset that is sensitive to liquidity. As high-beta trading cooled down in late 2025, crypto risk appetite declined despite solid performance in gold and equities. This difference reflects positioning rather than a breakdown in theory.
Longer term, analysts remain constructive through 2026, pointing to institutional adoption, regulatory developments, and increased liquidity. For now, supply and positioning continue to outperform the narrative, keeping pressure on prices until the structure improves.
outlook. Will Bitcoin go up?
Bitcoin continues to correct, but is in a bearish structure.
- Bullish case: A strong close above $93,000 will reverse the trend line and resume upwards towards $98,000 and $101,000.
- Bearish case: Bankruptcy is confirmed with a loss of $85,000, $82,000 is at risk, and the risk increases to $78,000.
Sellers remain in control until improved flows bring prices back to key resistance levels, with patience favoring confirmation over expectations.
Related: Cardano Price Prediction: ADA faces pressure as developers push for late-night expansion
Disclaimer: The information contained in this article is for informational and educational purposes only. This article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the use of the content, products, or services mentioned. We encourage our readers to do their due diligence before taking any action related to our company.
