Bitcoin has once again struggled to maintain its position above the critical $90,000 threshold, signaling a noticeable decline in bullish momentum.
The Illusion of the $90,000 Breakout
Data from Bitstamp revealed that Bitcoin steadily climbed during the early hours of the Asian trading session. The cryptocurrency briefly surpassed $90,200 around 05:00 UTC.
Despite this initial surge, the breakout was short-lived. By 09:30 UTC, selling intensified sharply. This selling pressure triggered a high-volume sell-off that wiped out all gains made earlier in the day.
At present, Bitcoin is hovering near $86,800—a drop of approximately 3.8% from its intraday peak.
The price chart depicts a strong rejection characterized by several large red candlesticks engulfing the prior upward spike.
The failure to hold above $90,000 has led to growing frustration among traders. Market analyst Connor Bates highlighted this price action as an indication that market strength is fading.
Another pump and dump on #Bitcoin
Amazing how it still can’t sustain any bounce.
pic.twitter.com/K2fZd6Cvuc— Connor Bates (@ConnorJBates_) December 29, 2025
Repeated False Breakouts
The month started with misleading optimism. In early December’s first week, Bitcoin managed to break through $90,000 and even reached as high as $93,000. However, this breakout lacked solid support confirmation and quickly reversed below that key level—trapping bulls who bought near the top.
A week later saw another attempt by buyers pushing prices toward the $93,000–$94,000 range. This rally faced even stronger resistance leading to a “lower high” formation followed by a steep decline down toward $86,000.
A weaker recovery effort around December 19 briefly nudged Bitcoin just above liquidity levels near $90K but failed due to insufficient volume for sustaining daily closes beyond this mark; rejection came swiftly once again.
This pattern suggests bulls are unlikely to resolve their current challenges anytime soon.
Bettors on Polymarket assign only about a 4% probability that Bitcoin will reclaim and hold above $95K before year-end.
Bitcoin has once again struggled to maintain its position above the critical $90,000 threshold, signaling a noticeable decline in bullish momentum.
The Illusion of the $90,000 Breakout
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