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02/12/25 05:11 UTC-04

Bitcoin Drops 10% in Four Days at the Start of December: Will There Be a Retest of $80,000?

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Trading Bitcoin Drops 10% in Four Days at the Start of December: Will There Be a Retest of $80,000?

Bitcoin fell below $83,000 during the first 24 hours of December, continuing the correction seen in recent days. The leading cryptocurrency lost 10% over four days, prompting analysts to revise short-term forecasts and identify new key support levels.


1-day BTC/USD chart. Source: Binance

Key Levels on the Horizon

Trader Crypto Candy noted that Bitcoin dipped below the $86,000–87,500 level but managed to close within this zone on the daily timeframe. According to him, as long as this level holds, upward movement remains possible. However, a close below this area may push the price toward $80,000.


1-day BTC/USD chart. Analysis: Crypto Candy

A more detailed scenario was provided by trader and analyst Michaël van de Poppe. He highlights the importance of price behavior at the $83,400 support level. If this level does not generate enough buying pressure, the next target will be the area below $81,000. The analyst expects this development in the coming days.


1-day BTC/USD chart. Analysis: Michaël van de Poppe

Technical Picture for December

Trader Daan Crypto Trades pointed out typical Bitcoin behavior at the start of the last month of the year. He reminded that in 80% of cases, the first move of the month sets the high or low for the next 12 days.


1-day BTC/USD chart. Analysis: Daan Crypto Trades

The price dropped sharply right from the opening of the December candle, leaving no upper wicks. According to the analyst, this does not create conditions for forming a strong monthly high. He recommends monitoring the price action closely over the next 1–2 weeks, as such quick opening moves are often retested.

Market Sentiment

Despite the current correction, investor Jelle urges traders not to focus on large red numbers and reminds that Bitcoin is forming a higher low compared to previous levels.

Analyst Rekt Capital notes that many Bitcoin investors are experiencing capitulation as their profits fade. However, he emphasizes that extreme emotions tend to alternate — capitulation is followed by recovery. When seller exhaustion approaches, the bulls can step in with minimal effort but maximum impact.

See also: "Indicators Signal the End of Bitcoin’s Bull Market"

#Bitcoin (BTC) #Bearish Trading

Editor: Pereyidenko Ihor
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