Is the price of Bitcoin likely to fall further? Market faces critical test under bullish channel

Bitcoin is trading below its rising channel as analysts debate a rebound towards $100,000 or further decline, with mixed market signals in late 2025.

Bitcoin price showed signs of structural weakness after falling below its long-term bull market channel. Since then, the asset has struggled to regain momentum, facing repeated rejections at key resistance levels.

As the market enters the homestretch of 2025, questions remain as to whether BTC can recover or if more declines are on the way.

BTC is trading below the long-term bullish channel

Bitcoin has now spent six weeks below the bull market channel it has been in for almost two years. During this period, the price attempted to re-enter the structure three times. All have been rejected, with resistance now forming along the lower boundary of the previous trend channel.

Currently, BTC is consolidating just below this resistance zone, suggesting that a fourth attempt to rejoin the channel could be possible. According to Titan of Crypto, a popular analyst with thousands of followers on

#Bitcoin

It’s been 6 weeks since #BTC fell 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 is resolved:
– DETOUR
– retest from below
– or complete reintegration pic.twitter.com/IeNYBqBSj0

– Crypto Titan (@Washigorira) December 22, 2025

Additionally, Crypto analyst Crypto Tice pointed out similarities between Bitcoin’s price action in 2025 and the top trend seen in 2021. In both cases, the asset exhibited a rounded top, followed by a sharp decline, a subsequent rebound, and then continued pressure.

“This rebound is not a force by default,” said the analyst, emphasizing that this is historically the point where “positioning changes hands.” He added that while a push towards the $100,000 to $105,000 range is still possible, this level has “I never thought about partying» and could mark a turning point in sentiment.

You might also like:

In 2021, a similar structure led to a deeper correction. The current support level tested was also present in this cycle, and its breakdown ultimately triggered a sharp decline.

Diverging opinions from analysts on what happens next

Trader Tardigrade highlighted the potential formation of a bearish pennant on the weekly chart, suggesting a possible move towards $60,000. This structure, if confirmed, could prolong the current bear market, which began in September.

Meanwhile, VanEck reported a drop in the Bitcoin network hashrate of around 4% in mid-December. This decline in mining activity has already occurred near market lows. Some see this as a possible counter-trend signal, although it remains unclear whether this trend will repeat itself.

Bitcoin price is around $87,100 at press time, down 2% over the past 24 hours but up 2% over the past seven days. As reported CryptoPotatothe fourth quarter of 2025 is expected to close with a decline of 22%, the weakest fourth quarter since the 2018 market cycle.