Bitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone. Bitcoin startedBitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone. Bitcoin started

Bitcoin Price Regroups After Losses—Is Directional Break Near?

2025/12/17 10:44

Bitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone.

  • Bitcoin started a fresh decline below the $87,500 zone.
  • The price is trading below $88,000 and the 100 hourly Simple moving average.
  • There is a bearish trend line forming with resistance at $88,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move up if it settles above the $89,350 zone.

Bitcoin Price Consolidates Losses

Bitcoin price struggled to stay above the $89,000 and $88,500 levels. BTC started a fresh decline and traded below the $88,000 support.

The price even spiked below the $86,500 support. However, the bulls were active near the $85,000 zone. A low was formed at $85,151 and the price recently started an upside correction. There was a move above the 23.6% Fib retracement level of the downward move from the $93,560 swing high to the $85,151 low.

The bears are active near $89,000. Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt more gains. Immediate resistance is near the $88,000 level. The first key resistance is near the $88,500 level. There is also a bearish trend line forming with resistance at $88,500 on the hourly chart of the BTC/USD pair.

Bitcoin Price

The next resistance could be $89,350 or the 50% Fib retracement level of the downward move from the $93,560 swing high to the $85,151 low. A close above the $89,350 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance. Any more gains might send the price toward the $91,200 level. The next barrier for the bulls could be $92,000 and $92,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $88,500 resistance zone, it could start another decline. Immediate support is near the $87,000 level. The first major support is near the $86,500 level.

The next support is now near the $85,500 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $83,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level.

Major Support Levels – $85,500, followed by $85,500.

Major Resistance Levels – $88,500 and $89,350.

Market Opportunity
NEAR Logo
NEAR Price(NEAR)
$1.546
$1.546$1.546
-0.83%
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shiba Inu (SHIB) vs Little Pepe (LILPEPE): Which Meme Coin Will Take the Crown from Dogecoin (DOGE)?

Shiba Inu (SHIB) vs Little Pepe (LILPEPE): Which Meme Coin Will Take the Crown from Dogecoin (DOGE)?

The post Shiba Inu (SHIB) vs Little Pepe (LILPEPE): Which Meme Coin Will Take the Crown from Dogecoin (DOGE)? appeared on BitcoinEthereumNews.com. Dogecoin has been the face of meme coins for a long time. From Elon Musk tweets to a robust community, DOGE has managed to stay alive. But in 2025, things appear slightly different. Will Shiba Inu keep pursuing Dogecoin, or will new contender Little Pepe pass them both by? Dogecoin (DOGE): Still the Benchmark Dogecoin is trading just above $0.2452, up 10.63% over the past week. That steady climb shows why DOGE still matters: it has the liquidity, the listings, and the recognition that few meme tokens can match. Analysts see its price grinding higher into year-end, supported by altcoin momentum and ETF launches in the U.S. But here’s the thing: DOGE is no longer a scrappy underdog. With a market cap already in the tens of billions, turning $100 into $10,000 here is nearly impossible. It’s the Bitcoin of meme coins: reliable, liquid, and still iconic, but its days of 1,000× gains are behind it. Shiba Inu (SHIB): Big Name, Slowing Engine Shiba Inu sits at $0.00001349 with a market cap of $7.6 billion. It’s clawed back momentum with a 3.98% monthly surge, and analysts project a further 9.26% weekly gain to $0.00001418. Token burns and the expansion of Shibarium, its Layer-2 solution, keep the ecosystem alive. That said, SHIB’s size is also its weakness. Even with whales accumulating another 62 billion tokens, growth projections hover in the 400%–500% range, which is impressive but pales in comparison to what early buyers saw in 2021. SHIB is in the odd position of being too big to vanish, but too large to repeat its breakout magic. Little Pepe (LILPEPE): The New Challenger SHIB grew on pure hype, but LILPEPE comes with real infrastructure. The project is building an Ethereum-compatible Layer-2 network designed for meme tokens, with near-zero fees, sniper-bot resistance, and…
Share
BitcoinEthereumNews2025/10/04 23:32
Kodiak Sciences Announces Pricing of Upsized Public Offering of Common Stock

Kodiak Sciences Announces Pricing of Upsized Public Offering of Common Stock

PALO ALTO, Calif., Dec. 16, 2025 /PRNewswire/ — Kodiak Sciences Inc. (Nasdaq: KOD), a precommercial retina focused biotechnology company committed to researching
Share
AI Journal2025/12/17 12:15
Oil jumps over 1% on Venezuela oil blockade

Oil jumps over 1% on Venezuela oil blockade

Oil prices rose more than 1 percent on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering
Share
Agbi2025/12/17 11:55