Bitcoin Faces Resistance from Descending Trendline Limiting Gains
Bitcoin traded around $87,714 late in the session, failing to sustain above $88,000. A descending trendline from October's record high near $126,000 connects subsequent peaks, including a $116,400 high, and acts as resistance. This trendline has capped attempts to clear $90,000, reinforcing a staircase-down pattern. Price failure to clear the trendline yields a lower high and renewed selling pressure near resistance.
The near-term outlook is bearish while Bitcoin remains below this trendline. Support zones are identified between $84,000 and $84,500, followed by the November low near $80,000. Conversely, a breakout above the trendline resistance could accelerate gains toward $100,000, especially if the dollar index is sliding.
This analysis was provided by Omkar Godbole, Chartered Market Technician, and published on December 23, 2025.
