In this video: Chief Market Strategist Gareth Soloway uses pure technical analysis and data to reveal why he is bullish on Bitcoin (BTC) in the near-term. He walks investors through every level of his analysis, teaching his methods and thought process. Gareth then unpacks why he was able to nail Bitcoin's top this year while so many others were calling for crazy target prices by year end. Lastly, Gareth dives into why this cycle of downside in BTC will be much less than past cycles, giving his exact price target range. Video by Gareth Soloway.
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Based on current technical indicators and data as of December 31, 2025, Bitcoin's short-term outlook is mixed, with some signs of bullish potential for a rise, but the overall trend is currently assessed as technically negative or in a consolidation phase.
Bitcoin is trading around $88,000-$89,000 USD in a range-bound manner, recovering slightly in the last 24 hours but still below its October all-time high of over $125,000.
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Key Insights
-Mixed Signals: Technical analysis shows conflicting signals across different timeframes. On the daily chart, some indicators suggest a bearish trend, while weekly timeframes appear more bullish.
-Consolidation: Bitcoin has been moving sideways within a key support level around $86,000 and resistance near $90,000. A definitive break of either level will likely indicate the next major move.
-Bullish Divergence/Patterns: Some short-term indicators like a rising RSI (Relative Strength Index) and specific chart formations (bullish engulfing pattern) suggest potential for an upward reversal.
-Bearish Risks: Other technical patterns, such as a "death cross" signal on the daily charts and general market sentiment pointing to "Extreme Fear," indicate the possibility of further downside, with potential support levels around $74,000-$80,000.
-Long-Term Outlook: Despite short-term volatility, the long-term outlook for Bitcoin remains generally positive among many analysts, with some predicting prices could reach over $140,000-$150,000 in the coming years due to factors like institutional adoption and the post-halving expansion phase.
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