Bitcoin Battles $85K Support as Fed, Tech Stocks Drag BTC Down 30% from October Peak
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Bitcoin Battles $85K Support as Fed, Tech Stocks Drag BTC Down 30% from October Peak
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About this listen
Hey folks, Crypto Willy here on The Bitcoin & Cryptocurrency Investment Show, bringing you the hottest updates from the past week leading into December 16, 2025. Bitcoin's been on a wild slide, dropping to $85,266 today after four straight days of losses, down 2% from yesterday and a whopping 30% from its October peak of $126,000, as Finance Magnates reports. We're testing key support between $84,000 and $85,000—those April, November, and December lows—while tech stock corrections and the Fed's hawkish guidance despite their third rate cut this year are dragging it lower, per CoinDesk and Finance Magnates analysis.
Changelly's fresh Bitcoin price prediction paints a mildly bearish near-term picture: expect BTC at $90,175 today, dipping gradually to $89,427 by year-end, with averages around $89,801 for December. They're forecasting tiny daily drops through Christmas—down to $89,732 on the 25th—before stabilizing, but nothing screams reversal yet. U.Today's hourly chart shows us rebounding toward $87,444 resistance; a breakout there could spark some upside, but holiday illiquidity might keep us consolidating $84K to $94K, with the Bank of Japan meeting on December 19 as a big catalyst.
PlanB dropped a YouTube bombshell this week, dissecting why Bitcoin tumbled below $100K—what's next? His take on planbtc.com hints at fatigue but limited downside, echoing CoinDesk's view that while signs of exhaustion show, we're not plunging endlessly. Finance Magnates warns of a potential dip to 2025 lows at $74K via Fibonacci extensions, with $80K as critical support—break that, and bear city. Meanwhile, ForecastEx markets are betting big against a year-end surge: just 4% chance BTC tops $175K by December 31, and odds slim for even $125K.
XRP, ETH, and SOL are tagging along the pain train with BTC, per CoinDesk, as broader risk-off vibes hit crypto. No major rebounds in sight yet, but keep eyes on institutional reaccumulation if we capsize to those lows.
That's your week's crypto pulse—stay sharp, HODL smart! Thanks for tuning in, come back next week for more. This has been a Quiet Please production—for me, check out Quiet Please Dot A I. Catch ya!
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