Technical analysis by AminChatrrouz about Symbol BTC: Sell recommendation (12/17/2025)

As of December 17, 2025, Bitcoin is trading around $87,000–$88,000, down from its all-time high of over $126,000 earlier this year. Recent market volatility, driven by macroeconomic factors like potential Bank of Japan rate hikes and profit-taking after the post-election rally, has analysts warning of further downside. Many technical indicators point to a potential retest of the $70,000–$75,000 support zone. This level has historically acted as strong demand in previous corrections and aligns with key moving averages and Elliott Wave projections from experts. A drop to $70,000 would represent a roughly 20% decline from current prices, which is common in Bitcoin's cyclical patterns during consolidation phases. While long-term bullish factors remain (institutional adoption, ETF inflows, and scarcity post-halving), short-term bearish pressure could push BTC lower before any rebound. Traders should watch $84,000 as immediate support—if it breaks, $70,000 becomes the next major target. This is not financial advice; cryptocurrency markets are highly volatile.