Bitcoin Data Shows Aggressive Sellers In Control As BTC Consolidates Below $90K
Bitcoin closed the year slightly in the red, marking a rare break in the long-observed four-year cycle pattern of one red year followed by three green years. The annual decline was modest—around 6%—and negligible compared to historical drawdowns seen in prior bearish years. Yet despite its limited magnitude, the red close carries symbolic weight, suggesting a shift in market behavior rather than outright weakness. Importantly, Bitcoin is still holding well above the 200-period moving average, which continues to slope upward. This suggests that, from a higher-timeframe perspective, the broader structure has not fully broken down. However, the loss of the $100,000–$105,000 region earlier marked a clear regime shift from expansion to distribution. Increasing sensitivity to sell-side pressure. Volume has notably declined during the recent sideways movement, indicating a lack of conviction from both buyers and sellers. This supports the view that the market is digesting prior excesses rather than aggressively repricing lower. Still, repeated failures to push back above the $92,000–$95,000 range highlight weak demand at higher levels. As Bitcoin holds the $85,000–$88,000 support band, consolidation remains the dominant scenario. A breakdown below this area would likely open the door to deeper retracements. Featured image from ChatGPT, chart from TradingView.com
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