Bitcoin has been confined to a tight $87,500–$89,000 band after a dip toward $85,000 last week. According to analyst DrBullZeus, a decisive move above resistance just below $90,000 could open a run to $92,000, while a loss of $87,000 support may revisit $85,000. At press time, BTC trades at $89,690, up 1.1% in 24 hours.

According to on-chain data, Bitcoin wallets holding 10,000–100,000 BTC reduced balances by 36,500 BTC since the start of December. The coins moved or sold total roughly $3.37 billion as BTC traded in a choppy $85,000–$94,000 range. At the time of writing, Bitcoin was near $89,646.

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.