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- Bitcoin tests $88K–$90K as key support cluster.
- Analysts predict potential rebound to $130K by December 2025.
- Confirmation requires reclaim above $97K for bullish momentum.
Bitcoin (BTC) has entered a critical phase, trading at $93,000 at press time, falling below the $95K threshold. The cryptocurrency is now testing low-price ranges not seen since its previous all-time highs, sparking renewed interest from traders and analysts.
Analysts Identify Key Support Levels
Crypto analyst Casi Trades recently highlighted that Bitcoin is approaching crucial support zones between $88K and $90K. According to her technical assessment, BTC has broken the standard 5th and C waves, making these levels valid for the completion of the ABC correction. Casi emphasizes that these zones could mark the ultimate bottom, after which Bitcoin may be primed for a significant rebound.
“Confirmation of the low occurs with a clean break back above $97K,” Casi noted. She further added that once BTC finds its floor, the reclaim could happen rapidly, potentially influencing altcoins such as XRP to reach their macro support levels.
Market Sentiment Shows Extreme Fear
The broader market sentiment remains cautious. According to CoinCodex, Bitcoin’s Fear & Greed Index currently sits at 14, indicating “Extreme Fear.” Despite this, recent BTC activity shows 47% green days over the past month with a 5.29% price volatility, suggesting that market participants are closely watching for reversal signals.
Also Read: VanEck CEO: Hold Bitcoin and Gold for Balance
Bitcoin Could Rebound to $130K by December
Several forecasts hint at a bullish turnaround. CoinCodex predicts that Bitcoin could surge by over 43% to reach $132,200 by December 18, 2025, if the support levels hold. Traders are closely monitoring this window for signs of market stabilization, which could trigger a swift and broad-based recovery.
As Bitcoin hovers near the $88K–$90K cluster, the next few days could determine its trajectory. If BTC successfully establishes a bottom, traders may witness a rapid rebound toward higher levels, reviving confidence in both Bitcoin and altcoins. For investors, these key support levels offer strategic entry points before the potential December rally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
