Technical analysis by lixing_gan about Symbol BTC on 12/15/2025

Bitcoin prices saw muted movements as investors remained cautious over whether the recent pullback reflects a temporary pause or a deeper correction to come. Liquidity conditions have thinned, while subdued ETF flows reflect waning demand. Meanwhile, digital asset treasury companies faced sharp losses amid bitcoin volatility, with some trading below their mNAV of less than 1, indicating that investors valued them less than the crypto on their balance sheet. With onchain signals mixed and ETF flows choppy post-FOMC, bitcoin prices may continue to consolidate in the near-term. From a technical perspective, BTCUSD retreated below the descending trend line and is testing the 88,000 support, where a break below this level may prompt a further decline toward the following support at 82,000. Conversely, closing above the trend line and 94,000 resistance may prompt a further rise toward the psychological resistance at 100,000. By Li Xing Gan, Financial Markets Strategist Consultant to Exness