\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tBitcoin trades near $86.7K after a 30% drop from its peak. Analysts warn of a move to $80K if BTC fails to break above $88K soon.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin (BTC) has fallen nearly 30% from its October high of over $126,000 and is trading around $86,500 at press time. The asset is moving sideways after a sharp drop earlier in the month.<\/p>\n
Despite small bounces, there\u2019s no clear sign of a trend reversal yet. The focus now is on whether Bitcoin can break above $88,000. If not, the move toward lower levels may continue.<\/p>\n
Analyst Micha\u00ebl van de Poppe noted<\/a> that BTC is currently undecided, consolidating between support and resistance zones.<\/p>\n \u201cTrend remains to be down, and in order to adjust the trend, a breakout above $88K is required,\u201d he stated on X.<\/p>\n<\/blockquote>\n This week, Bitcoin briefly touched $88,000 before falling back toward $87,500. The 7-day range between $85,100 and $93,000 reflects uncertain movement. With no clear breakout, the lower areas near $83,000 and $80,000 are starting to draw attention.<\/p>\n Kamran Asghar, another analyst, believes<\/a> Bitcoin is searching for a new base after breaking below a long-standing support line. He marked $86,500 as a possible short-term floor, but warned that deeper levels may be tested. He pointed to a zone between $72,000 and $75,000 that hasn\u2019t been touched since the 2024 breakout.<\/p>\n That area, often referred to by traders as a key demand zone, could offer support if the decline continues. If the current range breaks, Bitcoin may move toward that lower target range.<\/p>\n Bitcoin has now lost the Supertrend support on the weekly chart for the first time since January 2023. According<\/a> to a post by Bitcoinsensus, this marks the first major break of structure since the bull cycle began, adding weight to the bearish sentiment currently in play. Adding to this, long-term holders are starting to exit their positions.<\/p>\n \u201cLong-term holders are now selling $BTC at their fastest pace in 7 years,\u201d said<\/a> Ted.<\/p>\n<\/blockquote>\n This shift adds to the selling pressure and reduces the strength of any bounce attempts.<\/p>\n Moreover, the drop in Bitcoin\u2019s price over recent days is being linked to liquidations across leverage-heavy positions.<\/p>\n \u201cBitcoin\u2019s recent price drop was driven by liquidations \u2014 not spot selling,\u201d reported<\/a> Bitcoin Duniya.<\/p>\n<\/blockquote>\n The move reflects a flush of excess leverage rather than weakness in underlying demand. As CryptoPotato recently reported<\/a>, current selling pressure is still stronger than demand. Until that changes, price recovery may be limited, and further downside cannot be ruled out.<\/p>\n\n
Long-Term Trend Break Raises Concern<\/h2>\n
You may also like:<\/h3>\n
\n
\n
\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n
![<\/a>Bitcoin (BTC) Price Chart 17.12. Source: Micha\u00ebl van de Poppe\/X<\/figcaption><\/figure>\nThis week, Bitcoin briefly touched $88,000 before falling back toward $87,500. The 7-day range between $85,100 and $93,000 reflects uncertain movement. With no clear breakout, the lower areas near $83,000 and $80,000 are starting to draw attention.<\/p>\nKamran Asghar, another analyst, believes<\/a> Bitcoin is searching for a new base after breaking below a long-standing support line. He marked $86,500 as a possible short-term floor, but warned that deeper levels may be tested. He pointed to a zone between $72,000 and $75,000 that hasn\u2019t been touched since the 2024 breakout.<\/p>\nThat area, often referred to by traders as a key demand zone, could offer support if the decline continues. If the current range breaks, Bitcoin may move toward that lower target range.<\/p>\nLong-Term Trend Break Raises Concern<\/h2>\nBitcoin has now lost the Supertrend support on the weekly chart for the first time since January 2023. According<\/a> to a post by Bitcoinsensus, this marks the first major break of structure since the bull cycle began, adding weight to the bearish sentiment currently in play. Adding to this, long-term holders are starting to exit their positions.<\/p>\nYou may also like:<\/h3>\n\n\u201cLong-term holders are now selling $BTC at their fastest pace in 7 years,\u201d said<\/a> Ted.<\/p>\n<\/blockquote>\nThis shift adds to the selling pressure and reduces the strength of any bounce attempts.<\/p>\nMoreover, the drop in Bitcoin\u2019s price over recent days is being linked to liquidations across leverage-heavy positions.<\/p>\n\n\u201cBitcoin\u2019s recent price drop was driven by liquidations \u2014 not spot selling,\u201d reported<\/a> Bitcoin Duniya.<\/p>\n<\/blockquote>\nThe move reflects a flush of excess leverage rather than weakness in underlying demand. As CryptoPotato recently reported<\/a>, current selling pressure is still stronger than demand. Until that changes, price recovery may be limited, and further downside cannot be ruled out.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin trades near $86.7K after a 30% drop from its peak. Analysts warn of a move to…\n","protected":false},"author":2,"featured_media":5044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-39284","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/39284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39284"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/39284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/5044"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/G8WytvxWsAQ6SPm.png\"){kind=link}