Bitcoin is trading back above $89,000 and testing the $90,000 resistance area, while some traders worry that a slide to $74,000 could put Strategy (formerly MicroStrategy) at risk. Bull Theory analysts argue that with 672,497 BTC worth tens of billions of dollars against roughly $8.24 billion of debt and over $2.18 billion in cash, the firm would remain solvent even at that lower price. They instead point to external market rules, higher margin requirements and ongoing share issuance as the main pressures on Strategy’s stock.

Bitcoin entered the final part of 2025 after setting a new all-time high in October but has since dropped enough that the year could end with a negative candle. Analyst CryptoBullet argues that a red yearly close would mark a transition into a bear market rather than signal a breakdown of Bitcoin's four-year cycle. He points to a potential doji yearly candle near the $126,080 peak and expects a brief dead cat bounce and short altcoin rotation in early 2026 before a deeper correction.

Bitcoin fell below $88,000, then rebounded from the $86,700 support and climbed back above $88,000 and the 100‑hour Simple moving average. The BTC/USD pair now faces resistance around $88,500, $88,900 and $89,500, while key supports sit at $87,500, $86,700 and $85,000. A sustained move above $89,500 could open the way to the $90,200–$91,500 zone, whereas failure near $89,000 may trigger another drop.

Bitcoin closed 2025 at $88,242, about 6% lower for the year and roughly 30% below its early October peak near $126,000, amid heavy liquidations and renewed tariff concerns under U.S. President Donald Trump. Analysts project a short-term rebound in early 2026, with Citi Research citing potential $15 billion in ETF inflows and setting 12‑month Bitcoin scenarios between $78,000 and $189,000. Market watchers are also tracking MicroStrategy's balance sheet metrics and reserve fund, as well as long-term holder behavior and the fading impact of Bitcoin's historic four‑year cycle.

Bitcoin is consolidating below $90,000 after a drop from the $100,000–$105,000 area, keeping market sentiment cautious and fueling debate over whether a deeper bear phase could extend into 2026. On-chain analyst Axel Adler notes that the "Supply in Profit" metric has fallen from above 19 million BTC to around 13.5 million BTC, pulling the 30-day average below the 90-day and opening the door to a potential bullish crossover in late February to early March if current conditions hold. The outlook remains highly sensitive to price, with $70,000 identified as a critical downside level and $90,000 acting as key resistance that bulls must reclaim to meaningfully shift the current structure.

Prenetics Global said it stopped adding Bitcoin to its treasury as of Dec 4 and will keep its existing 510 BTC, valued at about $45 million. Announced on Tuesday, the board is prioritizing its IM8 nutrition brand, which reached $100 million in recurring revenue within 11 months and is projected at $160–$200 million in 2026.

Analytics firm Santiment reports that social media sentiment around Bitcoin has shifted back toward optimism, with bullish mentions now outnumbering bearish ones. Historical patterns suggest that such waves of greed have often aligned with local tops, even as Bitcoin currently consolidates around $88,000. Session-based return data shared by CryptoQuant analyst Maartunn indicates flat performance across US, European, and Asia-Pacific trading hours.

Prenetics Global Limited paused its Bitcoin treasury purchases on Dec. 4 and will not add more BTC as it reallocates capital to grow IM8. The firm retains 510 BTC and over $70 million in cash; IM8 has topped $100 million in annualized recurring revenue within 11 months. Prenetics' shares fell 3.32% Tuesday, per Google Finance.