Bitcoin is trading near $86,000, stabilizing after a month-long decline that erased more than 30% from its October peak. That downturn didn’t just spook traders, it wiped a staggering $41 billion from the estimated wealth of Bitcoin’s mysterious creator, Satoshi Nakamoto.
Data from Arkham Intelligence shows Satoshi’s 1.096 million BTC, valued at over $137 billion last month, is now worth roughly $95 billion, placing the iconic figure temporarily below names like Bill Gates in global wealth rankings.
Source: ArkmThe market setback, however, hasn’t weakened long-term conviction. Bitcoin’s circulating supply now stands at 19.95 million, with its market cap holding above $1.71 trillion, reinforcing its position as the world’s dominant cryptocurrency.
Bitcoin (BTC/USD) Stabilizes as Downtrend Faces Exhaustion
Bitcoin price prediction remains bearish as BTC’s recent price action suggests sellers are fatigued. The daily chart shows repeated long downside wicks and consecutive spinning tops, both common signals that selling pressure is slowing near the $85,500–$86,800 support area.
BTC is still moving inside a descending channel that has guided the correction since early November. Yet price is holding above the 23.6% Fibonacci retracement at $86,878, a level where early trend reversals often begin.
Momentum indicators are also shifting. The RSI has formed a bullish divergence, a higher low on the indicator while price printed a lower low last week. This historically marks the early stages of a trend reversal, especially when combined with a flattening 20-day EMA, which shows bearish pressure is easing.
Bitcoin Price Chart – Source: TradingviewA move above $90,774 would be the first meaningful confirmation that buyers are stepping in. From there, BTC could target:
$90,798 (38.2% Fibonacci level) $93,966 (50% retracement) $97,135 (61.8% retracement)A break of $97K would likely propel Bitcoin toward the $102,000–$104,000 zone near the upper channel boundary.
Risk Below $85K, but Breakout Path Is Setting Up
If Bitcoin fails to reclaim the mid-channel, a retest of $85,500 becomes more likely. Losing that level exposes $80,542, a long-term support aligned with deeper Fibonacci projections. But so far, buyers continue to defend the region aggressively.
Bitcoin (BTC/USD) Trade Setup & Forward Outlook
Traders watching for directional clarity may assess a simple structure: A break and retest of $90,774. A bullish engulfing candle above this level could signal the start of a recovery.
A common roadmap includes:
Entry: Above $90,800 on confirmed breakout Targets: $94,400 and $97,100 Stop: Below $86,500 to avoid false movesThe broader structure still demands caution, but the technical foundation for a relief rally is firming. If BTC climbs back into its mid-channel range, it could mirror previous cycle rebounds, often the early chapters of major bullish expansions and presale-driven momentum waves.
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