Bitcoin’s Bull Channel: Deviation, Retest, or Downward Spiral? 🤔💸

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Oh, Bitcoin, you fickle minx. 🤑 Just when we thought you were all “bull market, baby!” you go and break below your long-term channel like a rebellious teenager sneaking out of the house. 🚀✨ Now, six weeks later, you’re still sulking just below that resistance level, like someone who’s been ghosted but keeps checking their phone. 📉👻

As we limp into the final stretch of 2025 (because let’s face it, this year has been a wild ride 🎢), the big question is: Will BTC bounce back like a champ, or are we in for more financial heartbreak? 💔💰

BTC’s Channel Drama: Will It Re-Enter or Ghost Us Forever?

Bitcoin has spent six whole weeks below its beloved bull market channel, the one it’s been loyal to for nearly two years. During this time, it’s tried THREE TIMES to get back in, only to be rejected like a bad pickup line at a bar. 🍸🚫 Now, it’s consolidating just under the resistance area, teasing us with the possibility of a fourth attempt. Will it be a grand reunion or another awkward ghosting? Only time will tell. ⏳

According to Titan of Crypto (yes, that’s their actual name, and yes, they’re a big deal on X), how Bitcoin behaves from here could determine if this is just a short-term fling, a retest from below, or the start of a long, painful breakup. 💔📉

#Bitcoin

It’s been 6 weeks since #BTC broke below its bull market channel.

Price attempted 3 re-entries, all rejected. A 4th attempt remains possible.

The real question is how this break below the channel resolves:
– deviation
– retest from below
– or full reintegration

– Titan of Crypto (@Washigorira) December 22, 2025

Meanwhile, Crypto Tice is over here pointing out that Bitcoin’s 2025 price action is giving major 2021 vibes. 🕰️ Remember that rounded top, followed by a sharp decline, a bounce, and then… well, you know the rest. 😬 Tice warns that this bounce isn’t exactly a cause for celebration. In fact, it’s historically when “positioning changes hands” – aka, when the smart money makes their move. 🧠💼 A push toward $100,000-$105,000 is still on the table, but let’s not pop the champagne just yet. 🍾

In 2021, a similar pattern led to a deeper correction. And guess what? The current support level being tested was there back then too. If it breaks down again, we might be in for another wild ride. 🎢💥

Analysts Can’t Agree: Bearish Pennant or Contrarian Signal?

Trader Tardigrade (yes, like the indestructible micro-animal 🦧) is waving a red flag, pointing to a potential bearish pennant formation on the weekly chart. If confirmed, we could see a move toward $60,000. Yikes. 😱 Meanwhile, VanEck reports a 4% drop in Bitcoin’s network hashrate as of mid-December. Historically, this has happened near market bottoms, so maybe it’s a contrarian signal? Or maybe it’s just Bitcoin being dramatic. 🤷‍♀️

At press time, Bitcoin is chilling at around $87,100, down 2% in the last 24 hours but up 2% over the past seven days. 🌊 According to CryptoPotato, Q4 2025 is set to close with a 22% decline, making it the weakest Q4 since 2018. So, yeah, not exactly a stellar end to the year. 🎉✨

But hey, if there’s one thing Bitcoin has taught us, it’s to expect the unexpected. So buckle up, grab your popcorn, and let’s see how this drama unfolds. 🍿🚀

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2025-12-23 12:16