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Bitcoin Remains Rangebound; Key Test Expected in Early 2026
Bitcoin is currently trading within a range of $80,000-$94,000, showing no clear trend after failing to break the $90,000 level. Analysts suggest this rangebound movement may persist until next year.
- Bitcoin's price remains between $86,000-$87,000 on Christmas Eve, continuing its sideways trend since late November.
- Analyst Ted Pillows indicates BTC is in a "no trading zone," risking a retest of $84,000 if it doesn't reclaim the $90,000 resistance.
- Daan Crypto Trades noted December as uneventful for crypto markets with alternating up and down days.
- Despite new highs this quarter, BTC's risk-adjusted returns have been disappointing, yet there's progress in distributing coins from large holders.
Potential Outcomes for 2026
- BTC could face significant developments in Q1 2026, with potential scenarios suggesting either a bear market entry or a rally towards $100,000 followed by a drop to $60,000-$70,000.
- Alternatively, BTC might repeat a past pattern, breaking out to new highs by Q2 2026 after retesting lower boundaries.
Currently, Bitcoin trades at $87,350, experiencing a slight daily decline of 0.5%.
