#Bitcoin BTC Price News Today 28-12-2025 - Elliott Wave and technical analysis of Bitcoin (BTC), focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin (BTC) is trading around $87,705.29 USD on December 28, 2025, having experienced slight downward pressure in the last 24 hours amid thin holiday liquidity and a lack of a "Santa Rally" for the cryptocurrency market. It is currently considered to be in a deep bear market, down over 30% from its all-time high in October 2025.
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Key Insights
-Market Sentiment: Investor sentiment has cooled, with Bitcoin failing to experience a year-end rally like traditional stock indices.
-Bearish Trend: The dominant technical structure for Bitcoin is currently a long-standing bearish trendline that has been in place since the all-time highs in October.
-External Factors: Some analysts point to gold and silver soaring to new records as a sign that capital is flowing to traditional safe havens rather than riskier assets like Bitcoin amid current geopolitical tensions.
-Outlook: Despite short-term weakness, many long-term predictions remain bullish, with some experts forecasting prices could reach $150,000 to $200,000 or more by late 2025 or early 2026, driven by institutional demand and supply scarcity post-halving.
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