Technical analysis by ScottMelker about Symbol BTC on 12/16/2025

Bitcoin lost ascending support on yesterday’s candle, giving a bit more evidence that the asset is not yet ready for renewed bullishness. On the flip side, volume is non existent (bears want to see high volume on a breakdown), price still appears to be sideways, and any lower candle closes will likely form significant bullish divergence. No matter how I look at the charts, I just see boring, choppy price action.