Bitcoin selling pressure is still outweighing demand and buying pressure as the bears are keeping markets suppressed.<\/p>\n
\u201cWhy is Bitcoin not pumping?\u201d asked<\/a> analyst and Stock-to-Flow model founder PlanB on Wednesday.<\/p>\n He said that 50% is selling by \u201cOGs traumatized by 2021, technical investors looking at RSI [relative strength index], and four-year cycle fans expecting a bear market two years after the halving.\u201d\u00a0The other 50% is buying from investors looking at fundamentals, institutional<\/a>, TradFi, and banks.<\/p>\n It is an \u201cepic battle \u2026 until sellers are out of ammo,\u201d he said.<\/p>\n The reality is that the bears are currently winning the battle, but not the war. Bitcoin has declined around 31% from its all-time high, but such a correction is not unusual and has been seen many times in previous cycles.<\/p>\n \u201cBitcoin can definitely go lower from here, but it\u2019s not my base case,\u201d said<\/a> crypto entrepreneur Joe Consorti.<\/p>\n He added that when the asset was this oversold in late 2018 on the weekly time frame, it dumped another 44%. The same scenario in 2022 saw a further 54% drop.<\/p>\n \u201cIf a proper bear market is underway, things can get much worse.\u201d<\/p>\n However, BTC could also \u201cchop around and form a bottom here,\u201d as it did in September 2024 and April 2025, he said before adding, \u201cbottom formation takes time.\u201d<\/p>\n Bitcoin can definitely go lower from here, but it\u2019s not my base case.<\/p>\n When BTC was this oversold in late 2018 on the weekly timeframe, it dumped another 44% \u2014 in 2022, it dumped another 54%.<\/p>\n If a proper bear market is underway, things can get much worse.<\/p>\n Bitcoin could chop\u2026 https:\/\/t.co\/y0c04fERVU<\/a><\/p>\n \u2014 Joe Consorti (@JoeConsorti) December 16, 2025<\/a><\/p>\n\n Meanwhile, senior commodity strategist at Bloomberg Intelligence, Mike McGlone, was extremely bearish, stating<\/a>, \u201cI expect Bitcoin to revert back toward $10,000.\u201d\u00a0A decline below the bottom of the last cycle, which was around $15,000, is highly unlikely and would likely signal the end of the road for all crypto assets.<\/p>\n Nevertheless, Bitcoin is currently in its longest-ever consecutive \u201cextreme fear\u201d streak, according to the Fear & Greed Index and market observers<\/a>.<\/p>\n Bitcoin has recovered marginally from its low<\/a> of $85,000 on Monday, briefly approaching $88,000 on Tuesday.<\/p>\n However, there just wasn\u2019t enough buying pressure at these levels, which caused the asset to fall back to $87,500 during the Wednesday morning Asian trading session.<\/p>\n Zooming out reveals that BTC has been range-bound for the past month, following massive declines in October and November. This could be the formation of a bottom or a final cling to support before another crash.<\/p>\n The post Veteran Analyst Explains Why Bitcoin Is Not Pumping<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin selling pressure is still outweighing demand and buying pressure as the bears are keeping markets suppressed. \u201cWhy is Bitcoin not pumping?\u201d asked analyst and Stock-to-Flow model founder PlanB on Wednesday. He said that 50% is selling by \u201cOGs traumatized by 2021, technical investors looking at RSI [relative strength index], and four-year cycle fans expecting […]<\/p>\n","protected":false},"author":0,"featured_media":121046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-121045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/121045"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121045"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/121045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/121046"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bears Are Beating The Bulls<\/h2>\n
Bitcoin Price Outlook<\/h2>\n