Why Bitcoin Failed to reclaim 100k mark? Will it actually be able to do it now?

Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.

Last Monday, I shared my thoughts on the market and analyzed the situation, where I clearly mentioned that there are some major levels that need to be broken before Bitcoin can reclaim the 100k mark again. Today, we are going to analyze the market once again and see whether the conditions are improving or if we are heading toward another critical phase.

In the screenshot below, you can see a smaller section taken from a larger chart that I will discuss later. At the moment, Bitcoin is trading around an important area near the blue trend line. Last week, our main focus was on breaking the pink resistance line, which was around 93,400 USD.

If that level had been broken, reclaiming the 100k mark would have been much easier. Unfortunately, Bitcoin faced rejection from that resistance, and now the price is struggling again.

Currently, the blue trend line, which was acting as support earlier, is behaving like resistance. Since Bitcoin failed to hold above it, there is a possibility that the price may move down to test the orange support line near 80,000 USD.

On a shorter time frame, a pullback toward 85,000 USD is also possible. In fact, on 15 December, Bitcoin touched around 85,500 USD, which confirms this level as a short term support area. Now, it is very important to see whether the daily candle closes above the blue resistance line.

In the complete chart shown below, you can see that Bitcoin is currently trading at a very critical zone. Both the blue and orange trend lines are extremely important.

Historically, these levels have worked well for Bitcoin. Back in April 2025, Bitcoin was trading below the orange line, but since then, it has respected this support multiple times. I hope the same happens again and that the price manages to move higher from here.

If we zoom out further, the pink resistance line becomes important once again. Beyond that, there is another resistance zone around 98,000 to 99,000 USD, marked by a blue resistance line on the chart. These are the levels Bitcoin needs to break, one by one, before it can reclaim and sustain prices above 100,000 USD.

In the coming days, this could still happen, especially considering developments like the United States Treasury bill discussions on 12 December and the recent 25 basis point rate cut.

However, the market is currently reacting in a similar way to both positive and negative news, which suggests that chasing news alone is not helpful. In my opinion, technical analysis and market structure are far more important at this stage.

What are your thoughts on Bitcoin’s price movement right now? Feel free to share your views in the comments.

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This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.

In the screenshot above you can see the seven attacks used together by me as penalties were imposed on the base already. It was a good one as you can already see and winning more than 1300 scraps is worth a lot in my opinion.

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