NewsBTC •
December 27, 2025 at 13:40 •
Analysis
The Bitcoin market stands at a critical juncture, as it currently hovers above its $85,000 psychological level. Aside from its psychological validity, this key support also appears to hold technical importance. Hence, its strength could be tested before the market shows directional momentum. However, a recent analysis has surfaced that paints a grim picture for the flagship cryptocurrency’s future. Related Reading: Bitcoin Supply Overhang: 6.6 Million BTC Bought Above Current Price Descending Triangle Forms Near $85,000 Support In a recent post made on QuickTake, CryptoOnchain reveals that there has been the appearance of a classic technical pattern, indicative of an asset’s bearish continuation intent. This pattern, which is present on the Bitcoin daily timeframe, ...
