Bitcoin (BTC) Analysts Turn Bearish After Recent Macro-Induced Shock, But Fundamentals Remain Strong

Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history.

Bitcoin (BTC) price action appeared to lose steam last week as the cryptocurrency failed to break past the $100,000 price level. However, BTC managed to eke out a gain of 0.78% over the past seven trading days.

In turn, the flagship digital asset outperformed 75% of the top 100 cryptocurrencies by market capitalization over a one-year period. BTC also closed in on a gain of 128.02% year-to-date (YTD) at press time.

Despite the recent pullback, BTC price action appeared to be largely bullish throughout 2025. The cryptocurrency rallied by over 1,000% since January 1 and hit a new all-time high of $104,000 on December 4.

However, the Federal Reserve announced on December 15 that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback. On December 20, as much as $310 billion in value stored in digital assets was erased.

Several cryptocurrency researchers and analysts remained bullish on BTC in the long term. However, the recent macro-induced price drop sparked a wave of concern that the premier digital asset could see a steep correction before resuming its upward trajectory.

Here's a closer look at the BTC price performance over the past week, as well as an analysis of the factors that could be influencing the upcoming price action.

Cryptocurrency market analysis

CryptoSlate tracks key metrics such as price performance, trading volume, and market capitalization to provide a holistic overview of the cryptocurrency market.

CryptoSlate provides a snapshot of the market performance over the past seven trading days. The total market capitalization increased by 0.4%, with a total 7-day trading volume of $344.9 billion.

Bitcoin price analysis

BTC price action appeared to lose steam last week as the cryptocurrency failed to break past the $100,000 price level. However, BTC managed to eke out a gain of 0.78% over the past seven trading days.

In turn, the flagship digital asset outperformed 75% of the top 100 cryptocurrencies by market capitalization over a one-year period. BTC also closed in on a gain of 128.02% year-to-date (YTD) at press time.

Despite the recent pullback, BTC price action appeared to be largely bullish throughout 2025. The cryptocurrency rallied by over 1,000% since January 1 and hit a new all-time high of $104,000 on December 4.

The price of Bitcoin (BTC) has been on a roller coaster ride in recent months, hitting a new all-time high of $104,000 on December 4. However, the cryptocurrency’s price took a nosedive on December 20 after the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback. On December 20, as much as $310 billion in value stored in digital assets was erased.

Several cryptocurrency researchers and analysts remained bullish on BTC in the long term. However, the recent macro-induced price drop sparked a wave of concern that the premier digital asset could see a steep correction before resuming its upward trajectory.

Here’s a closer look at the BTC price performance over the past week, as well as an analysis of the factors that could be influencing the upcoming price action.

Relative strength index (RSI)

The RSI is a technical analysis indicator that measures the magnitude of recent price changes to determine whether an asset is overbought or oversold. An RSI reading above 70 usually indicates an overbought condition, while a reading below 30 typically indicates an oversold condition.

The RSI for BTC on the 4-hourの時間枠 stood at 49.9 at press time, indicating neutral price momentum. The RSI has been trending sideways over the past week, with a slight uptick on December 25.

Bollinger Bands

Bollinger Bands are a technical analysis indicator that measures the volatility of an asset’s price. The bands are typically plotted two standard deviations away from a simple moving average (SMA) of the asset’s closing price over a specified period of time.

The Bollinger Bands for BTC on the 4-hourの時間枠 were converging at press time, indicating a period of low volatility. The upper Bollinger Band was situated at the 99,240 price level, while the lower Bollinger Band was positioned at the 92,143 price level.

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