Bitcoin Forecast: Exciting Trends to Watch Today

Bitcoin is currently testing its 50-day moving average for the second consecutive day. Below this moving average lies a key support zone between $91,100 and 92,000, which was tested for strength on November 26 and December 5. If this support level breaks, it could pave the way for a deeper correction, with the first target near $80,000 — the lower boundary of the second subsidiary channel within the February – October BTC/USDT consolidation range.

However, if the $91,100 – 92,000 level holds and the price climbs back above $97,200 it could signal a resumption of growth, with the potential to reach $110,000.

Source: CryptoQuant

Spot BTC ETFs have seen outflows over the past three days, reflecting some investor disappointment. According to CryptoQuant, there has been a lack of significant BTC buying activity over the past week. This highlights Bitcoin’s characteristic behavior: when it isn’t rallying, it tends to decline. While long-term forecasts for BTC in 2025 remain optimistic, short-term corrections should not be ignored.

Such outflows often signal disappointment among market participants, especially when anticipated price movements or bullish catalysts fail to materialize. This trend highlights the sensitivity of Bitcoin investments to short-term market dynamics and the role of retail and institutional sentiment in driving ETF activity.

The decline in spot Bitcoin ETF inflows underscores a broader pattern in Bitcoin’s price behavior. Historically, when Bitcoin fails to rally, it tends to experience downward pressure, reflecting a lack of sustained buying interest. This recent development also reinforces the importance of external market triggers and macroeconomic factors in sustaining bullish momentum. While long-term projections for Bitcoin remain optimistic, the current outflows serve as a reminder of the market’s inherent volatility and the need for strategic foresight in short-term trading.

Conclusion

For now, traders should watch price action closely. If BTC consolidates below the $91,100 level, short positions targeting $80,000 (a ~25% drop from recent highs) could be worth considering — this would align with typical Bitcoin behavior. Conversely, if market sentiment turns positive and the price reclaims $97,200, it may be a good opportunity to join a potential upward movement.