Bitcoin traded toward the lower end of its recent trading range as concerns about demand for risk assets persist. Bitcoin has remained in a loosely defined range between $95,000 and $85,000 for the past month, as crypto markets remain depressed following the October selloff.
Bitcoin has fallen below $90,000 in the past two days, dropping to $89,257 on December 11th. At press time, Bitcoin was trading at $90,581, down 1.96% over the past 24 hours, as investors evaluated the Fed’s latest interest rate cut.
Fed Chairman Jerome Powell said in a post-meeting press conference that the Fed is “well positioned to wait and watch developments in the economy,” suggesting that the Fed may slow the pace of rate cuts going forward.
In a positive development, U.S. exchange-traded funds investing in Bitcoin saw net inflows of $224 million on Wednesday, led by BlackRock’s iShares Bitcoin Trust with $193 million, the highest in 30 days. In its largest acquisition since July, Strategy bought 10,624 tokens worth $962.7 million.
Traders now face a complex situation about where the market will go next.
Overview of the four main pricing tiers
Cryptocurrency analyst Ali outlined four major Bitcoin price levels in a recent tweet, citing the extreme divergence price range of Bitcoin MVRV as the market waits to see what happens next.
Although Bitcoin has risen from its November low of $80,524, there is still a risk that it will turn around and retest that level before breaking out.
Bitcoin $BTC key level:
• Resistance at $99,000 and $122,000
• Support at $76,000 and $53,000 pic.twitter.com/TBXVeT2EXI— Ali (@alicharts) December 12, 2025
If this scenario plays out, the next support would be $76,000, according to Ali’s analysis. The next major support is expected at $53,000.
If Bitcoin price reverses to the upside, resistance levels have been identified at $99,000 and $122,000, and these two price levels will be important in monitoring Bitcoin’s rise.
29.8% of Bitcoin is currently held by major holders
In a recent analysis, Glassnode shared the composition of Bitcoin holdings by major holder type, with holdings currently totaling 5.94 million BTC, accounting for 29.8% of Bitcoin’s circulating supply.
Currently, public companies hold 1.07 million BTC, while the government holds 0.62 million BTC. U.S. spot ETFs hold a total of 1.31 million BTC, of which 2.94 million BTC is held on exchanges.
