In this video, we break down Bitcoin on the Daily & 4hr charts using Elliott Wave Theory. You’ll discover both bullish and bearish scenarios, plus the critical price levels and targets to watch. Video by Koenz Trading.
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As of late afternoon on December 26, 2025, the Bitcoin (BTC) price is hovering around $88,500 to $89,000 USD, showing a slight increase of over 1% in the last 24 hours. The price action today has been volatile, influenced by a major options expiry event and broader market trends.
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Key Insights
-Options Expiry Volatility: A significant $23.3 billion in Bitcoin options contracts is set to expire today, Friday, December 26, which has fueled price volatility as traders adjusted their positions. The initial price spike above $89,000 was reportedly driven by short-covering ahead of the expiry.
-Broader Market Context: Despite the daily increase, Bitcoin has struggled to maintain momentum and is trading lower than its December 26, 2024, peak of approximately $95,714. The cryptocurrency market overall is in a consolidation phase and has been on track for its worst quarterly performance since Q2 2022.
-Macroeconomic Factors: The price of gold and silver has surged amid geopolitical concerns and U.S. dollar weakness, which analysts suggest might be diverting some speculative capital that would typically flow into crypto.
-Institutional Activity: BlackRock resumed moving Bitcoin to Coinbase today after a Christmas Day pause, transferring 1,044 BTC worth $91.9 million to the exchange, which is a watched metric for institutional sentiment.
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