Published: Dec 02, 2025 at 22:37
Bitcoin’s (BTC) price is declining after retesting the 21-day SMA barrier at $93,000.
BTC price long-term prediction: bearish
If this barrier were surpassed, the largest cryptocurrency would have returned to its psychological level of $100,000. Following the recent rejection, the BTC price has dropped sharply to its previous low.
As Coinidol.com reported previously, on November 21, Bitcoin fell to a low of $80,000, but buyers purchased the dips. Bitcoin has fallen again as it approaches the $80,000 support, as buyers failed to keep the price above the moving average lines.
On the downside, if the $80,000 support holds, Bitcoin will be confined to a range-bound movement above the current support and below the moving average lines. However, if the current support is breached, the BTC price will fall to $73,000. The current BTC price is $85,090.
Bitcoin price indicator analysis
The 21- and 50-day SMAs are sloping downwards, indicating a downturn. The price bars are below the moving average lines and are being repelled by the 21-day SMA barrier. Long candlestick tails indicate the $80,000 support level, showing strong buying pressure at this level. The moving average lines on the 4-hour chart are horizontal following the end of the downtrend above the $80,000 support level.
What is the next move for BTC?
Bitcoin has been moving sideways since the downtrend halted above the $80,000 support level. BTC is trading above the $80,000 support but below the $94,000 high.
Today, the Bitcoin price is rising after reaching a low of $84,000. The Doji candlesticks have appeared as Bitcoin continues to oscillate, awaiting the resolution of the trend.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/bitcoin-oscillates-bottom/
