#Bitcoin BTC Price News Today 29-12-2025 - 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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As of this morning, December 29, 2025, Bitcoin (BTC) is trading around $88,700 to over $90,000, reflecting a 2.55% increase in the last 24 hours amid strong intraday bullish momentum. The price action is within a consolidation range as the year ends, with analysts noting the coin is still below its yearly open of approximately $93,374.
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Key Insights
-Year-End Consolidation: Bitcoin is currently consolidating in the mid-to-high $80,000s range, struggling to break significant resistance levels in thin year-end trading markets.
-Technical Momentum: The cryptocurrency is showing strong intraday trading momentum and has surpassed its EMA50, with positive signals emerging on relative strength indicators.
-Analyst Outlook: To close 2025 in the green (above its opening price), Bitcoin needs a rally above $93,374. Some experts target a short-term upside to $90,000-$91,040 if bullish momentum holds.
-Market Sentiment: Sentiment leans cautiously optimistic, supported by recovering oversold conditions but pressured by thin year-end liquidity. Bitcoin has underperformed traditional assets like gold and the S&P 500 recently.
-Support/Resistance: Key support levels are identified around $80,400-$80,600, while resistance sits near $94,589-$96,000.
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