Bitcoin Jumps Past $90,000 but Selling Pressure Keeps Traders on Edge
Bitcoin has once again reminded everyone how unpredictable this market can be. Just as traders started getting excited about a potential year-end breakout, the world’s largest cryptocurrency briefly surged above the $90,000 level, only to give up those gains within hours. That quick move up, followed by an equally fast pullback, has left many investors wondering whether this was the start of a New Year rebound or just another false alarm driven by thin holiday trading.
During Asian trading hours, Bitcoin was pushed as high as around $90,300, marking a gain of more than 3% at its peak. That moment was widely watched because the $90,000 mark has been seen as a psychological barrier for weeks. However, the excitement didn’t last long. As trading shifted toward New York hours, selling pressure was seen building, and prices slid back below $88,000. By the end of the session, Bitcoin was hovering in the high $80,000 range, reinforcing the idea that conviction in the market is still fragile.
Also Read:- The Dark Rise and Fall of Jodi Hildebrandt, the Influencer Who Crossed Every Line
- The Last of Us Season 3 to Recast Danny Ramirez Amid Scheduling Conflicts
Other major cryptocurrencies followed a similar pattern. Ether climbed above $3,000 after rising nearly 4%, but those gains were also erased, and the token slipped back into negative territory. Large-cap coins like XRP, Solana, and Cardano drifted lower as well, reflecting a broader sense of caution. With many institutional desks winding down for the year, liquidity has remained uneven, and even modest sell orders have been enough to push prices lower.
What’s important here is the bigger picture. Bitcoin had missed the so-called Santa rally that helped push global stock markets to record highs. That disappointment has made traders more sensitive to any sign of weakness. According to market analysts, the outlook for early 2026 is leaning more toward stability and consolidation rather than a powerful new bull run. Prices are expected to move within a wide range, roughly between $80,000 and $100,000, as the market searches for direction.
Several factors are believed to be holding Bitcoin back. Monetary policy is still not fully supportive, ETF inflows have been selective rather than aggressive, and the regulatory environment continues to evolve. On top of that, year-end tax considerations and portfolio cleanup have encouraged short-term selling, especially during U.S. trading hours.
For now, the key level being watched is the mid-$80,000 range. If Bitcoin can hold that zone into the New Year, confidence may slowly return as liquidity improves and traders come back from the holidays. If not, another deeper pullback could be seen before any sustainable rally takes shape. One thing is clear: as 2026 approaches, Bitcoin remains stuck between hope for a rebound and the reality of ongoing sell pressure.
Read More:
0 Comments