NewsBTC
Dec 19, 2025
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Bitcoin Price Declines Below $86,500 Amid Continued Downtrend

Bitcoin Price Movement

  • Bitcoin's price attempted a rise, reaching $89,500 but failed to maintain momentum.
  • The price is currently below $86,500 and the 100 hourly Simple Moving Average.
  • A break below a bullish trend line at $87,250 was observed on the BTC/USD hourly chart.
  • If Bitcoin falls below $85,000, further declines are possible.

Current Trading Situation

  • The price experienced a sharp decline from $88,000 after hitting resistance at $89,500.
  • Bulls showed activity near the $84,500 zone, with a low forming at $84,421.
  • Bitcoin is consolidating below the 23.6% Fib retracement level from $89,437 to $84,421.
  • Immediate resistance levels include $86,600 and $87,000, which coincide with the 50% Fib level of the recent decline.

Bitcoin Price

Potential Scenarios

  • If Bitcoin surpasses the $88,000 resistance, it could aim for $88,800 and potentially $89,500.
  • A failure to move above $87,000 may lead to another decline, with supports at $85,000 and $84,500.
  • The next critical support levels are $83,200 and $82,500, with a main support at $80,500.

Technical Indicators

  • Hourly MACD: Increasing pace in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $85,000 and $84,500.
  • Major Resistance Levels: $87,000 and $88,000.