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With the weakening of long positions, BTC is in trouble; the key support level at $92,000 may determine the trend in 2025 and affect the year-end price movement.
If the BTC price fails to reclaim $100,000, it could further drop to $71,000-$81,000, while $80,000-$85,000 provides a potential buyback opportunity.
BTClongs have shifted to a passive mode as they are unable to exert enough pressure even when the selling volume decreases. This indicates a lack of interest from market participants, as bears also remain inactive. In this scenario, an extended pullback usually attracts buying volume, so the last week of this year may see another 10% to 12% decline, impacting the token bearishly.
BTC faces bearish pressure: Key support levels to watch at the end of the year
Compared to the past few days, BTC trading volume has surged, indicating that weekend volatility may intensify. Star tokens continue to break through the support level after failing to stabilize at the resistance level, weakening long positions to some extent. In this case, it is only possible to rebound if the token manages to break through the key support level of around 92,000 USD, which may lay the foundation for trading in 2025.