Bitcoin's 3-day MACD has fallen to its lowest level on record, while the BTC price trades around $90,000 after a sharp slide from highs near $126,000 in October 2025. Analysts highlight key levels at $92,000 on the upside and $87,200 on the downside, with a potential decline toward $69,230 if support fails. The market is described as a neutral, range-bound phase with short-term caution but an intact longer-term structure.

Bitcoin hovered around $90,328 as traders focused on a potential U.S. Supreme Court ruling on the legality of former President Donald Trump's tariffs that could put $133B–$150B at issue. With macro uncertainty elevated, on‑chain gauges such as SOPR and exchange inflows suggest fragile momentum and the prospect of short‑term volatility across crypto.

On December 11, 2025, South Korea's Supreme Court ruled that Bitcoin held on centralized exchanges can be seized in criminal proceedings, citing a 55.6 BTC case. The decision establishes a legal precedent for virtual assets and is expected to influence procedures on platforms such as Upbit and Bithumb.

Bitcoin is nearing the $100,000 price region, where several long-term indicators converge into what analysts view as a pivotal structural zone for the trend. Metrics such as short-term holder realized price, major moving averages, and the MVRV ratio suggest cooling momentum unless price can reclaim and hold above this cluster. A rebound toward $100,000 remains possible, but without decisive confirmation above these levels, the risk of rejection and continued downside remains elevated.

Bitcoin's decline from the October 2025 peak sits near −27%, after a maximum pullback of −33%, much lighter than prior cycle troughs of −75% to −92%. The price near ~$91K is about 2x above the base CVDD level at $46.6K, a zone tied to bottom formation. A break below −40% would warn of a deeper, late‑cycle style correction.

On Dec. 11, 2025, South Korea's Supreme Court issued its first explicit ruling that Bitcoin held in centralized exchange accounts can be seized under the Criminal Procedure Act. The decision, which upheld the confiscation of 55.6 BTC from a suspect under a money laundering investigation, classifies Bitcoin as electronic information with independent economic value and aligns the country's enforcement approach with US and EU practices.

On December 11, South Korea's Supreme Court ruled that Bitcoin kept on domestic exchanges such as Upbit and Bithumb qualifies as seizable property under the Criminal Procedure Act, ending years of uncertainty over crypto assets in investigations. The court found that Bitcoin's status as an electronically recorded token with independent management and economic value meets seizure criteria, while regulators move to expand preemptive account freezes and levy tens of billions of won in AML penalties on major platforms.

In a new long-term outlook, VanEck projects Bitcoin could climb to $2.9 million per coin by 2050 if it evolves into a key settlement currency and enters central bank reserves. The base case assumes Bitcoin processes 5–10% of international trade, 5% of domestic transactions, and reaches a 2.5% allocation in central bank portfolios, while alternative scenarios range from $130,000 to $52.4 million per coin.