Dec 13, 2025
3 0
Bitcoin Risks New Lows Amid Bearish Patterns, Analyst Warns
Bitcoin's price is facing challenges as it struggles to maintain the $90,000 level. Analysts are observing bearish signals, indicating potential declines.
Key Observations:
- Bitcoin dropped 3.2% intraday, retesting the $89,500-$90,500 support zone.
- BTC has been fluctuating between $84,500 and $94,500 for four weeks, hitting a low of $80,600 in late November.
- The cryptocurrency faces volatility due to anticipated Federal Reserve interest rate cuts and US regulatory developments.
- Analyst Ted Pillows warns of a bear flag pattern, suggesting further declines if key support levels don't hold.
- A close above $96,000 could negate the bearish trend, while dropping below $86,000 might lead to April lows around $76,000.
Market Cycle Concerns:
- Current trends resemble the last cycle, potentially leading to drops below $70,000.
- After losing the 50-Week EMA, BTC may see a rise to $100,000 followed by a fall below $70,000.
- Robert Mercer notes the classic four-year cycle remains despite increased institutional adoption.
- Mercer anticipates a relief rally to $98,000-$102,000 before a drop to $55,000-$60,000.
Currently, Bitcoin trades at $89,990, down 2.75% on the daily timeframe.
