December 29, 2025
Category: Market Updates

Bitcoin Today — December 29, 2025: Price Action, Market Context & What’s Driving BTC

As of right now, Bitcoin (BTC) is trading around $87,800–$90,000 levels with volume and market cap still among the highest in crypto markets. Live aggregated data from multiple exchanges shows price fluctuating near this range, with 24-hour gains of roughly 2 – 2.5%.

Key Price Levels

Current trading range: ~$87,800–$90,000 (near key psychological resistance).
24-hour volume: ~ $25 – $33 billion.
Market sentiment: Mildly bullish with tight volatility.

These levels reflect Bitcoin’s consolidation around the $89k mark — a price region that markets are struggling to decisively break and hold above.

Technical & Market Dynamics Today

1. Resistances & Supports

Bitcoin’s short-term action shows price compression under a cluster of moving averages (20/50/100 EMAs), signaling tight range behavior and reduced volatility. Major technical points include:

Resistance: near ~$91,600 and ~$95,000.
Support: clustered around ~$88,000 and a stronger base near ~$79,600.

This technical structure suggests BTC is stuck within a narrowing band, often a prelude to a larger directional move once liquidity returns.

2. Market Structure & Trader Psychology

Traders have been battling short positions as Bitcoin shows renewed buying interest — especially in early Asian trading — which has helped lift BTC briefly above the $90k threshold before pulling back.

However, holiday season volume tends to remain light, so these moves may exaggerate direction until year-end liquidity fully returns.

Macro & Broader Market Influences

Risk Sentiment & Macro Data

Global equities and macro markets are mixed, with U.S. indices flat while precious metals like silver rally sharply. This dynamic can influence BTC as a risk asset:

Risk-on can push BTC up.
Risk-off or thin liquidity can cause sharper swings.

In the broader macro view, some analysts see this consolidation at ~$89k as a late-cycle pause rather than a full bear trend, supported by stable on-chain indicators like the MVRV and NVT ratios, which suggest long-term confidence among holders.

Market News Highlights Today

Bullish Activity

Bitcoin rallied temporarily above $90,000, driving short liquidations and adding roughly $80 billion back into the wider crypto market cap, signaling a short-squeeze phenomenon.
Some altcoin sectors like SocialFi are outperforming BTC gains, showing sector rotation within the market’s uptrend.

Neutral to Cautious Trends

Despite intraday gains, Bitcoin is still range-bound, and top resistance levels have proven stubborn.
Volume remains light due to holiday trading, making price breakouts less reliable until liquidity picks up.

Market Interpretation & Outlook

Bullish Case

Price reclaiming ~$90,000 could spark renewed confidence and push BTC toward the next resistance cluster near $95k–$100k.
Continued short covering may add momentum.

Neutral or Consolidation Scenario

Tight trading bands and narrow Bollinger signals indicate range trading, where BTC stays between roughly $88k and $92k until broader market catalysts emerge.

Bearish Pressure

If BTC loses the $88k floor decisively, downside risk could extend back toward lower yearly baselines, especially if macro risk appetite wanes.

Summary

As of December 29, 2025, Bitcoin is in a thinly traded, consolidative phase, hovering near the pivotal $89,000 zone. Market sentiment is cautiously bullish, driven by technical short squeezes and supportive buying but constrained by holiday volume and resistance levels that keep volatility subdued.

Key indicators to watch next: