{"id":49464,"date":"2025-12-15T09:33:22","date_gmt":"2025-12-15T14:33:22","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=49464"},"modified":"2025-12-15T09:33:25","modified_gmt":"2025-12-15T14:33:25","slug":"bitcoin-price-bleeds-below-89000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-bleeds-below-89000","title":{"rendered":"Bitcoin Price Bleeds Below $89,000 After Grim Weekend\u00a0"},"content":{"rendered":"
<\/div>\n

Bitcoin price endured another grim weekend, bleeding<\/a> from the low-$92,000 range on Thursday to weekend lows near $87,000 as thin liquidity and sell pressure weighed on risk appetite.<\/p>\n\n\n\n

The move below $90,000 came during typically illiquid Sunday trading, amplifying downside volatility as traders positioned cautiously ahead of a dense slate of U.S. economic data and central bank events this week.<\/p>\n\n\n\n

At the lows, the bitcoin price was down roughly 7% on the month, continuing a choppy consolidation that has defined price action since October\u2019s all-time high, per Bitcoin Magazine Pro data. <\/p>\n\n\n\n

Broader crypto markets showed little sign of strength. <\/p>\n\n\n\n

Major altcoins including Solana, XRP, Dogecoin and Cardano continued<\/a> to slide, extending double-digit monthly losses and reinforcing bitcoin\u2019s dominance near 57% of total crypto market capitalization. Volumes remained muted, reflecting a lack of conviction rather than outright capitulation.<\/p>\n\n\n\n

Macro overhangs remain front and center. In the U.S., traders are bracing for employment data<\/a>, inflation prints, PMI readings and Fed commentary<\/a> that could reshape rate expectations. <\/p>\n\n\n\n

Globally, attention is turning to Japan, where the Bank of Japan is widely expected to raise rates later this week<\/a> \u2014 an event that could pressure yen-funded carry trades that have helped support risk assets, including bitcoin, over the past year.<\/p>\n\n\n\n

Technically, analysts are watching the mid-$80,000s closely. A sustained break below that zone could invite a deeper correction, while holding it would reinforce the idea that the bitcoin price remains range-bound rather than entering a new bear phase.<\/p>\n\n\n\n

How low will the Bitcoin price go? <\/h2>\n\n\n\n

Despite the uneasy backdrop, some of the loudest bearish calls are running far ahead of the data. Bloomberg Intelligence strategist Mike McGlone warned<\/a> this week that the bitcoin price could collapse as much as 90% from its peak, potentially revisiting $10,000 in a future deflationary downturn.\u00a0<\/p>\n\n\n\n

The forecast echoes prior bearish calls and comes as leveraged long positions continue to unwind, with roughly $230 million in bitcoin longs liquidated over the past 24 hours.<\/p>\n\n\n\n

On-chain data, however, tells a far more nuanced story.<\/p>\n\n\n\n

Bitcoin Magazine Pro\u2019s Price Forecast Tools \u2014 built on network fundamentals rather than sentiment \u2014 suggest<\/a> the market is trading below fair value, not on the brink of structural collapse. <\/p>\n\n\n\n

Aggregated indicators such as CVDD, Balanced Price and the Bitcoin Cycle Master currently point to a fair market value near $106,000, with long-term downside risk clustering closer to the $80,000 range rather than anywhere near five figures.<\/p>\n\n\n\n

Historically, these metrics have aligned closely with cycle tops and bottoms, offering a framework that cuts through short-term noise. <\/p>\n\n\n\n

While macro conditions will continue to dictate volatility, on-chain signals suggest the current drawdown looks more like late-cycle consolidation than the start of a generational unwind.<\/p>\n\n\n\n

At the time of writing, the bitcoin price is\u00a0$89,317. <\/p>\n\n\n\n

\"Bitcoin<\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price slipped below $90,000 during typically thin Sunday trading, magnifying downside volatility as traders pulled back risk ahead of a heavy week of U.S. economic data.<\/p>\n","protected":false},"author":3817,"featured_media":49465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-49464","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets"],"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/12\/Bitcoin-Price-Bleeds-Below-89000-After-Grim-Weekend-.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=49464"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/49464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/49465"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=49464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=49464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=49464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}