Updated: December 17, 2025, 4:00 PM IST
| Type | Level | Why it matters | What traders watch |
| Resistance 2 | $96,000 | Major breakdown level + prior consolidation zone | Daily close above = potential trend reversal |
| Resistance 1 | $93,000 | Immediate seller zone + technical resistance | 4H close above = short-term strength |
| Pivot / Mid | $88,000 – $90,000 | “Line in the sand” — equilibrium zone | Hold above = bullish defense |
| Support 1 | $84,000 | First major buyer defense + 0.382 Fibonacci | Wick + reclaim = bounce opportunity |
| Support 2 | $80,000 | Breakdown trigger zone + 0.5 Fibonacci | Daily close below = deeper correction to $75k |
For Active Day Traders:
What to Watch:
For Position Traders:
| Level Type | Price | Invalidation | Target |
| Strong Resistance | $96,000 | Daily close above | $102,000 |
| Resistance | $93,000 | 4H rejection | $96,000 |
| Current Price | $87,510 | — | — |
| Support | $84,000 | Daily close below | $80,000 |
| Strong Support | $79,965 | Break below | $75,000 |
Bitcoin is trending within a falling channel on the daily chart. After losing the psychological $100,000 mark in November, the market is seeking a higher low. The $84,000 level is critical to prevent a full retracement to the $70k range.
For Long-Term Trend Analysis:
Since peaking at ~$126,000 in October, Bitcoin has corrected approximately 31%. The market is testing the 0.382 Fibonacci retracement of the entire 2025 rally ($83,000-$84,000). A failure here would confirm a medium-term bearish structure.
Current Assessment: BEARISH
As of December 17, 2025, Bitcoin is in a deep correction phase:
Key Levels to Watch:
Current Technical Setup
📈 All-Time High: ~$126,000 (Oct 2025)
📍 R3: $108,000 (2024 Top / Resistance)
📍 R2: $100,000 (Psychological Barrier)
📍 R1: $96,000 (Major Breakdown Level)
📊 CURRENT: $87,510 ← YOU ARE HERE
📍 S1: $84,000 (Critical 0.382 Fib Support)
📍 S2: $80,000 (Structural Support)
📍 S3: $75,000 (Major Defense Zone)
Key Observations:
Bearish (as of Dec 17, 2025). Bitcoin is correcting from its October peak of $126k. It has lost the $100k and $90k levels and is currently testing support in the mid-$80ks. Momentum indicators favor sellers until a close above $93,000 occurs.
Falling/Consolidating. While up 1.94% in the last 24 hours (bouncing to $87k), the broader trend is downward. This small bounce is considered a “dead cat bounce” unless it clears resistance at $93,000.
$84,000. This is the confluence of the 0.382 Fibonacci retracement and a high-volume historical node. If this breaks, the next major support is $75,000.
Krishnan is a Bangalore-based crypto writer dedicated to simplifying complex crypto concepts. He covers blockchain, DeFi, and NFTs, with a focus on real-world asset tokenization and digital trust. Previously he has written on Real Estate related assets for NoBroker. Krishnan holds a B.Tech degree from the College of Engineering Trivandrum.
