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Bitcoin makes a solid move to the upside and so does the stock market... Video by Traders Reality.
In a recent sharp movement, Bitcoin saw a significant "upside move" that pushed its price toward the $90,000 resistance zone, though this rally was largely attributed to a "short squeeze" rather than organic demand. The price briefly dipped below $81,000 recently but has since rebounded to around the $87,000-$89,000 range as of December 18, 2025.
Details of the Upside Move
Mechanism: The sharp price increase was primarily driven by a "short squeeze," where an approach to the $90,000 resistance level triggered the automatic closing of numerous leveraged short positions. The forced buying created a rapid feedback loop, liquidating approximately $120 million in short positions during the spike.
Market Structure:
This event highlighted structural vulnerabilities in the current Bitcoin market, such as high leverage and shallow order books, which can amplify price movements. While the rally appeared strong on the surface, technical analysis suggests the underlying structure lacked depth.
Current Price Action:
The cryptocurrency market is currently attempting to stabilize after recent volatility. Bitcoin is trading around $87,000-$89,000, with analysts watching key resistance levels, particularly the psychological barrier of $100,000, as a decisive break above this level would confirm a full-scale continuation of the bull market.
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