
*Bitcoin struggles to recover after hitting a peak of 126,000 in October.
*Investor confidence remains fragile following the early-October flash crash and year-end uncertainty.
*Macro headwinds from disappointing economic data in the U.S., U.K., and Eurozone weigh on crypto demand.
Market Summary:
Bitcoin had posted strong gains earlier this year, reaching a high of 126,000 in October, up more than 30% since January. However, as December approaches, the cryptocurrency market has entered a more subdued phase, experiencing one of its weakest periods in recent memory. Investor caution persists, particularly following the flash crash in early October, which dented confidence in digital assets.
Risk-sensitive investors have increasingly rotated portfolios toward U.S. equities, which have consistently outperformed crypto in recent months. Expectations for Federal Reserve rate cuts, combined with improving market sentiment following the U.S. government shutdown and easing U.S.-China tensions, have further diverted flows away from cryptocurrencies.
While Bitcoin briefly rallied following softer U.S. inflation data—supporting expectations for Fed easing—the rebound lacked sustainable momentum. Broader macroeconomic concerns, including disappointing economic data from the U.S., U.K., and Eurozone, have continued to weigh on high-risk assets, prompting selective selloffs in crypto markets.
Overall, the crypto market remains cautious and range-bound, struggling to regain momentum in a market increasingly dominated by traditional equities and uncertain macroeconomic conditions.
Technical Analysis

Bitcoin is trading lower, currently testing the support level at 83,930, as bearish momentum builds. The MACD indicates strengthening downside pressure, while the RSI at 39 remains below the midline, signaling potential for further losses.
Traders are closely watching for a break below 83,930—a move that could open the door toward the next key support at 76,775. Conversely, if the pair stabilizes and buyers step in, a rebound toward resistance at 93,000 is possible.
Resistance Levels: 93,000; 100,000
Support Levels: 83,930; 76,775
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