At a media event in Mumbai, RBI Deputy Governor T. Rabi Sankar criticized Bitcoin and stablecoins, arguing they lack intrinsic value and pose risks to monetary stability. At the same time, Bitcoin’s major rallies and drawdowns appear to closely mirror shifts in RBI liquidity, with expansions aligning with price gains and tightening coinciding with weakness.

Bitcoin is holding within a tight band between $86,000 and $100,000 as analysts highlight a macro retracement. Crypto Patel points to a confirmed top, a completed Head and Shoulders, and Fibonacci supports at $56,700, $44,000, and $35,000. CyrilXBT notes price near $90,300, capped by $96,000–$100,000 and supported at $86,000–$88,000.

Market analyst Jeff Park says long-term Bitcoin holders are selling covered calls, adding sell-side pressure that weighs on spot BTC despite firm ETF demand. In the latter half of 2025, Bitcoin hovered near $90,000 as it diverged from stocks; 24.4% of traders expect a January FOMC rate cut, while some see risk of a drop to $76,000.

On December 12, analyst Ali Martinez highlighted that Bitcoin's next major move is likely to hinge on how price behaves around MVRV Extreme Deviation Pricing Bands. The metric currently flags $76,000 as key support, while $99,000 and roughly $122,000 mark critical resistance zones, with Bitcoin trading near $90,400 and down 1.24% over the previous day. Pullbacks toward $76,000 have historically preceded new upside, whereas clean breaks above $99,000 and $122,000 have often aligned with strong bullish expansions.

In 2025, Glassnode data shows that large entities, including public companies, governments, ETFs, and exchanges, collectively hold about 5.94 million BTC, close to 30% of Bitcoin's circulating supply. While the price recently dipped below $90,000 amid broader market weakness, continued ETF purchases and the inclusion of Strategy in the Nasdaq 100 suggest sustained institutional interest.

On Dec 13, 2025, Itaú Asset Management framed Bitcoin as a structural diversifier rather than a speculative bet. The firm's internal guidance points to a low single‑digit allocation—around 1–3%—to influence risk‑adjusted returns while limiting instability, with currency translation effects highlighted for Brazilian portfolios.

The Bitcoin rally is showing strain as long-held coins return to circulation and inter-exchange liquidity fades. Price remains near cycle highs, but momentum and volume signals point to a likely consolidation phase in the near term. Without a pickup in cross-venue flows, sustaining further upside could be difficult.

Bitcoin is consolidating in a narrowing range just above $80K, with repeated failures to clear resistance near $95K keeping sentiment cautious. On the daily and 4-hour charts, BTC remains below the 100-day and 200-day moving averages while forming an ascending triangle between $80K and $95K. Exchange reserves have dropped to multi-year lows around 2.75M BTC, indicating reduced sell-side supply but not yet triggering strong upward price momentum.