Overview
- Bitcoin stays rangebound around $86,500–$90,000, with analysts flagging flat resistance near $90,650–$90,840 and key support between $86,500 and $85,000.
- U.S. spot Bitcoin ETFs saw about $825.7 million in net outflows from Dec. 18–24, while a negative Coinbase premium signaled softer U.S. demand.
- Momentum and on-chain signals are mixed, with a 3‑day MACD bullish cross, an OBV trendline break, and long‑term holders adding roughly 3,784 BTC for the first time since late September.
- Bear-leaning metrics persist as SOPR and MVRV‑STH sit below 1, short‑term holder supply swells into overhead resistance, retail transfer volume falls toward $375–$400 million, and exchange withdrawals hit multi‑year lows.
- Forecasts for 2026 diverge widely, ranging from downside targets near $65,000 or a fractal low around $41,500–$45,000 in October 2026 to bullish calls of $150,000–$250,000 if key breakouts and liquidity improve.