Opinion: Bitcoin's return to $90,000 is driven by technical factors, with no new catalysts emerging.

GateUser-6433627c · 2025-12-29T08:36:30+00:00

Bitcoin reclaims above $90,000, driven by technical factors without a single catalyst influence. Analysis indicates that $90,000 is a support level, which may trigger short covering and buying. Despite ETF capital outflows causing volatility, market sentiment remains positive.

GateUser-6433627c

2025-12-29 08:36:30

Abstract generation in progress

On December 29, Presto Research researcher Rick Maeda stated, “Bitcoin has retaken the $90,000 level, mainly driven by technical factors rather than any single new catalyst. The $90,000 level was once a clear resistance, and once Bitcoin stabilizes above it, it is likely to trigger short covering and momentum-driven buying.” Kronos Research’s Chief Information Officer Vincent Liu also expressed a similar view, saying that after a period of consolidation, Bitcoin rebounded at technical support levels, “key levels have now turned back into support.” Bitrue Research Director Andri Fauzan Adziima said that Bitcoin’s upward momentum reflects technical relief from options expiration and the correlation with altcoins dominance. He also added that, affected by over $1 billion in ETF outflows related to tax-loss harvesting and broader de-risking, Bitcoin “basically fluctuated within the range of $86,500 to $90,000 in December.” (The Block)

BTC-0.38%

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