According to a recent post on X by a crypto analyst, Bitcoin has consolidated in the $70,000–$90,000 range after a pullback, repeatedly holding key support within an ascending channel. He argues that price structure outweighs headlines and keeps a 96k target while noting a break of the channel or a sustained move above its upper bound would be decisive.

On December 22, 2025, analyst Ali Martinez shared a Bitcoin outlook indicating the price could slide to around $37,500 by the final quarter of 2026, marking a potential cycle low. His view is based on historical drawdowns of roughly 70% to 84% from prior peaks, implying the current rally toward $90,000 may give way to a deeper correction. He also argued that such a decline would likely set up a new accumulation phase rather than signal the end of Bitcoin's long-term uptrend.

According to cryptocurrency analyst Ali Martinez, a December X post outlines a cycle-based scenario where Bitcoin, after peaking near $126,000, could face a ~70% drawdown toward $37,000–$38,000, with a possible low around October 2026. BTC was $89,506 at press time, up 1.7% in 24 hours, and below its 50-day and 200-day SMAs.

On December 22, 2025, Strategy disclosed that it raised $747.8M through an at-the-market sale of 4.35M MSTR common shares and allocated the entire amount to its USD reserves, lifting cash holdings to $2.19B. The firm kept its BTC stash at 671,286 BTC after acquiring more than 21K BTC in the prior two weeks, while MSTR traded around $164.82 amid expectations of a potential BTC market recovery. The enlarged cash buffer may support dividend payments for up to two years as Strategy waits for more favorable conditions before resuming large-scale BTC purchases.

Strategy paused bitcoin buying last week and shifted $748 million into its USD reserve, taking the fund to $2.19 billion. The company still holds 671,268 BTC after acquiring 10,645 BTC for about $980.3 million the prior Monday at an average price of $92,098 per bitcoin.

On December 21, 2025, analyst Sykodelic argued Bitcoin is roughly 90% below fair value, citing correlations with gold and global liquidity. They set a short-term target of $153,000 and said an overshoot toward $200,000 is plausible, while BTC trades around $89,000 with a 24-hour volume of $28 billion.

Pseudonymous analyst Doctor Profit projects a short-term Bitcoin move toward $97,000–$107,000 while saying no major downside is likely before February or March 2026. Another analyst, Mr Wall Street, expects a relief rally to $98,000–$104,000 but warns of a bull trap, eyeing $64,000–$70,000 in late Q1 or early Q2 2026.

On 22 December 2025, Metaplanet's extraordinary general meeting unanimously approved a package of governance and capital structure changes to support its expanded Bitcoin strategy. The company will lean more on preferred equity, redesigning Class A and Class B preferred shares to offer regular dividends and protections while reducing reliance on common stock issuance. These measures are intended to attract institutional and overseas investors and to back Metaplanet's goal of building one of the largest corporate Bitcoin treasuries.