Bitcoin is trading near $87,550, down roughly 2.6% over the past 24 hours, as short-term sentiment cools across crypto markets. Despite the pullback, the broader structure suggests consolidation rather than collapse. Bitcoin remains the largest digital asset by market value, with a capitalization of $1.74 tn, while daily trading volume holds above $42 bn, signaling continued institutional and retail participation.
Market-wide indicators reinforce the cautious tone. The Crypto Fear and Greed Index sits at 29, firmly in “fear” territory, while the Altcoin Season Index reads just 17, underscoring a decisive rotation back into Bitcoin dominance.
Total crypto market capitalization stands near $2.96 tn, down from early-December highs but still well above key long-term support levels.
Bitcoin (BTC/USD) Technical Structure Signals Compression, Not Panic
On the 4-hour chart, Bitcoin price prediction seems bearish as BTC continues to trade inside a descending channel that has guided price action since the rejection near $94,200 earlier this month. While lower highs remain intact, downside momentum has slowed.
Price has repeatedly held above the $84,500 support zone, forming a series of higher lows that hint at buyer absorption rather than forced liquidation.
Bitcoin (BTC/USD) Price Chart – Source: TradingviewThe 50-EMA and 100-EMA, clustered between $88,300 and $88,900, are acting as a compression zone. Price is hovering just below this band, often a sign of balance before expansion. Candlestick behavior reinforces this view, with recent sessions producing spinning tops and small-bodied candles, signaling indecision rather than aggressive selling.
Breakout Levels That Matter Next
From a pattern perspective, Bitcoin appears to be coiling for a directional move. A decisive break above $90,500, which aligns with the channel top and a key pivot zone, would likely open the door toward $94,200, followed by $98,000 if momentum accelerates.
Until then, technical analysis suggest a possible retest of $85,000–$84,500 before any breakout attempt.
Key levels to monitor:
Support: $84,500, then $80,600 Resistance: $90,500, $94,200, $98,000Bitcoin Outlook: Consolidation Before the Next Trend Leg
While sentiment gauges remain cautious, price behavior tells a more constructive story. Bitcoin’s current range looks less like distribution and more like preparation. If BTC holds above $84,500 and reclaims $90,500, the structure supports a medium-term advance toward $98,000–$101,000.
For longer-term participants, periods of fear combined with technical compression have historically preceded stronger trend legs as confidence rebuilds.
PEPENODE: A Mine-to-Earn Meme Coin Nearing Presale Close
PEPENODE is gaining momentum as a next-generation meme coin that blends viral culture with interactive gameplay. With over $2.38 mn raised and the presale approaching its cap, interest is building fast as the countdown enters its final stretch.
What makes PEPENODE stand out is its mine-to-earn virtual ecosystem. Instead of passive holding, users can build digital server rooms using Miner Nodes and facilities, earning simulated rewards through a visual dashboard. The concept brings gamification and competition into the meme coin space, giving holders something to do before launch.
The project also offers presale staking, allowing early participants to earn boosted rewards ahead of the token generation event. Leaderboards and bonus incentives are planned post-launch to keep engagement high.
With 1 $PEPENODE priced at $0.0012064 and limited allocation remaining, the presale is entering its final opportunity window for early buyers.
Click Here to Participate in the PresaleThe post Bitcoin Price Prediction: BTC Price Drops Below $88,000, Could Bears Win 2025 Despite New ATH? appeared first on Cryptonews.
