BTC FACES PRESSURE AS ETFS SEE $175M OUTFLOWS – COULD BITCOIN FALL TO $80K?

With the holidays reducing liquidity and market uncertainty still present, the cryptocurrency market is showing caution rather than panic. Bitcoin has held relatively stable, but ETF outflows and slowing momentum are signaling that traders are staying alert.

Current Market Scenario

On Christmas, Bitcoin (BTC) is trading around $87,500, up roughly 0.3% in the last 24 hours. The price remains range-bound between $86,400 and $88,000, indicating consolidation rather than sharp sell-offs.

The support zone between $86,400 and $86,700 has proven strong, attracting buyers each time BTC touches this area, maintaining market confidence.

However, ETF activity is weighing on sentiment. Spot Bitcoin ETFs recorded $175.29 million in net outflows on December 24, and continued outflows could exert near-term downward pressure on the BTC price.

Upside Outlook

Technically, Bitcoin retains a constructive structure, holding above short-term support and keeping bullish possibilities alive.

To regain momentum, BTC needs a break above the $89,000–$90,000 resistance zone, which has historically acted as a strong ceiling.

If Bitcoin closes above this level, market sentiment could improve, with a potential target in the $93,000–$94,000 range, an area previously associated with selling pressure. Such a move would suggest that ETF outflows are no longer dominating price action.

Downside Risks

• While BTC appears stable, downside risks remain.
• A drop below $86,400 amid ongoing ETF outflows could trigger further declines.
• The first key support to watch is $85,500.

Prolonged selling could push Bitcoin toward $84,000–$82,000, where buyers have historically stepped in.

In a more bearish scenario, BTC might test $80,000, potentially shaking out late market entrants.

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Bitcoin Price Prediction Summary

Overall, Bitcoin is trapped between key support and resistance levels, consolidating rather than collapsing.

As long as $86,400–$86,700 support holds, BTC maintains a neutral-to-cautiously bullish outlook, with upside potential toward $93,000–$94,000.

If support fails, Bitcoin could slide toward $82,000–$80,000, highlighting the need for caution.

For now, the best strategy may be to observe market movements and wait for a clear directional breakout before taking positions.

Conclusion: Caution and Key Levels Are Critical

As the crypto market navigates the holiday season, Bitcoin remains range-bound, showing resilience near key support levels while ETF outflows continue to influence sentiment. Traders should watch the $86,400–$86,700 support zone and the $89,000–$90,000 resistance zone closely, as these levels will likely dictate the next meaningful move.

While upside potential exists toward $93,000–$94,000, ongoing outflows and broader market uncertainty keep the short-term outlook cautious. Conversely, a breakdown below support could open the door to further declines toward $82,000–$80,000.

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For now, patience is key: letting the market establish a clear direction will help investors navigate this period of consolidation and avoid premature risk exposure.

FAQs

1. What is Bitcoin currently trading at?

Bitcoin is trading around $87,500, staying within a range of $86,400 to $88,000. The market is consolidating rather than experiencing major sell-offs, reflecting cautious holiday trading.

2. How much did ETFs withdraw recently?

Spot Bitcoin ETFs recorded $175.29 million in net outflows on December 24. These withdrawals are weighing on market sentiment and could exert short-term pressure on BTC prices.

3. What is the immediate support level for BTC?

The immediate support for Bitcoin is $86,400–$86,700, with $85,500 as the next key level. Buyers have consistently stepped in around these zones, preventing sharp declines.

4. What resistance does Bitcoin need to break to regain momentum?

BTC needs to surpass $89,000–$90,000 to regain bullish momentum. Clearing this resistance could open the door for a move toward $93,000–$94,000.

5. What is the bearish scenario for Bitcoin?

If support levels fail, Bitcoin could fall toward $82,000–$80,000. Persistent ETF outflows and market uncertainty could trigger deeper downside in the short term.