The Bitcoin price might need a miracle to close above $100,000 in December. Scanning the market, there are no solid Bitcoin news stories to prop up bulls, and the BTC USD price is under immense pressure.
Earlier today, Bitcoin crypto crashed from as high as $90,000, quickly losing over $3,000 to spot rates. The crash marked a weak start to the month, quickly confirming the worst for traders: Q4 2025 has not been the usual Q4 everyone expected in crypto.
Historically, Bitcoin and some of the best cryptos to buy usually tick higher, shaking off weakness, regardless of how the rest of the year has been. Last year, Bitcoin flew above $100,000, confirming once again that buying crypto in Q4 can be rewarding.
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The BTC USD price sell-off started in the early Asian session.
In under one hour, the digital gold plummeted from as high as $90,000, dropping to below $88,000.
Sellers picked up from there, extending losses to as low as $85,000 before prices steadied earlier today. Still, the path of least resistance is southwards.
Of note, looking at the technical candlestick arrangement in the daily chart, sellers have the upper hand, confirming the weakness of November 20.
The dump was from around a key resistance level, the highs of November 20, which preceded losses to as low as $82,000 in the last days of November.
If this trend is to change, and buyers take over, the Bitcoin price must close above $90,000 and last week’s highs. In that event, and should volume pick up momentum, Bitcoin can easily reclaim $100,000 and expand to as high as $108,000.
On X, one trader believes the sell-off is not something traders and investors should worry about. The drop, he said, is due to portfolio rebalancing and “clock flipping”.
https://twitter.com/nik_algo/status/1995296243984240932?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Because of this, “algos fired almost simultaneously,” forcing the sell-off.
Meanwhile, Arthur Hayes, the co-founder of BitMEX, said Bitcoin and some of the top meme coins fell because the Bank of Japan (BoJ) might actually raise rates in December.
https://twitter.com/CryptoHayes/status/1995368658940612945?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
If they do, the Yen carry trade will be destroyed, and this is bearish for Bitcoin and risk assets.
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Amid the flurry of technical and fundamental explanations, Michael Saylor, the majority shareholder of MicroStrategy, posted on X, hinting at the possible acceleration of spot Bitcoin purchases.
https://twitter.com/saylor/status/1995119235194855696?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Tagging MicroStrategy’s Bitcoin accumulation chart, Saylor posed a question, asking followers whether they should “start adding green dots?”
Over the years, MicroStrategy has been rapidly accumulating and currently holds 649,870 BTC bought at an average price of $74,433. On average, from the Bitcoin accumulation chart, their purchases have been in “orange,” meaning they are not outsized relative to previous purchases.
Any “green” dot translates to an unusually big purchase, and if they do, sentiment might shift, possibly lifting prices.
Still, there are doubts about whether MicroStrategy will HODL if market conditions deteriorate.
Phong Le, the CEO of MicroStrategy, revealed that the company might have to sell Bitcoin if the MSTR stock trades below its modified net asset value (mNAV) and fails to raise new capital through equity or debt.
https://twitter.com/MSTRTrueNorth/status/1981498958737514563?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
If mNAV falls below 1, analysts interpret it to mean the firm’s assets are significantly less than its Bitcoin holdings. At press time, MicroStrategy’s mNAV stands at 1.19.
(Source: Strategy)
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The post BTC USD Plummets Off Cliff-Face: Bitcoin News Fails To Stir Price – Will Saylor Sigil Save Bitcoin? appeared first on 99Bitcoins.
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