Bitcoin is stabilizing on the daily timeframe as bearish momentum fades. Price remains below short- and mid-term moving averages, with resistance near $91,333 and support around $86,286. A close above $91,333 could open $92,678–$93,429, while a loss of $86,286 risks $85,516 and $84,739.

Libya has emerged as a major Bitcoin mining center on ultra-cheap power priced near $0.004 per kilowatt hour, and data show it captured about 0.6% of the global hash rate. Despite a 2018 crypto ban and a 2022 block on mining hardware imports, the country was ranked by late 2025 as a leading hub across Africa and the Arab world.

Bitcoin traders turned upbeat after Elon Musk said on X the US could see double-digit growth within 12–18 months. BTC was at $87,709, nearly 30% below its Oct. 5 peak of $125,100, according to CoinMarketCap. Analysts highlighted Fed rate cuts and a 2.7% CPI as key macro drivers, while some warned of potential downside in 2026.

On December 24 and 25, Binance founder Changpeng Zhao reiterated on X that many successful Bitcoin investors tend to accumulate during periods of fear, uncertainty, and doubt instead of at all‑time highs. Community members echoed his view, drawing parallels to AI tokens and stressing that conviction is built in fearful markets, while Bitcoin maintained a market cap near $1.73 trillion as overall crypto capitalization slipped to $3.02 trillion.

Elon Musk predicted in an X post that the United States could reach double-digit economic growth by December 2026 at the earliest and even see triple-digit growth around 2030. Some Bitcoin supporters see this as a positive macro backdrop for Bitcoin, while others remain concerned about analyst projections of a Bitcoin bear market and a potential price drop toward the $60,000 range in 2026.

Bitcoin has been trading between $80,000 and $94,000 since a late November correction, with price action stuck mostly in the $84,000-$90,000 band and recently hovering around $87,350. Analysts warn that failure to reclaim the $90,000 resistance could trigger another move toward $84,000, while some expect a decisive test of the current cycle in Q1 2026 with scenarios ranging from a rally toward $100,000 to a drop into the $60,000-$70,000 zone.

On November 14, Galaxy Trading's Beimnet Abebe said BTC defending the 50‑week MA could slip to the 100‑ or 200‑week MA; recently, the 100‑week MA held near $85.5k, aligned with the $84k–$85k demand zone. He would buy below $80k, while CNBC's Anthony Pompliano noted volatility has likely halved and ETF flows were mostly negative after the 10/10 crash.

Analyst Ali Martinez, in a new X thread, says Bitcoin's major cycles have historically taken about 1,064 days from bear-market lows to tops and roughly 364 days from tops to subsequent bottoms, implying a potential bottom around October 2026. He also maps a 70% drawdown scenario to about $37,500, while BTC trades near $87,300, up 0.7% week-on-week.