Bitcoin price approaches $89,000, $90,000 expected

Bitcoin price action was relatively quiet over the past 24 hours, but eventually bounced back nearly $2,000 to approach $89,000 levels.

On the other hand, most large-cap altcoins appear to be underperforming, with Ethereum still trading below $3,000 and Ripple (XRP) remaining below the $1.90 resistance.

In December, Bitcoin prices fluctuated within a consolidation range; at the beginning of this month, its upper limit hit near $94,500 and its lower limit hit near $84,500, before the trading range began to narrow on December 19.

The price has failed to break above the $90,000 resistance over the past two weeks, while the $86,500 level provided enough support for price consolidation.

The last failed breakout attempt occurred at the beginning of the week when the price rose to $90,400, but was quickly rejected and the price subsequently fell below $87,000.

Despite recouping some of its losses, the price rebounded yesterday and hit $89,400 levels, and is currently trading just below $89,000 with limited daily fluctuations.

As the end of the year approaches, data suggests that Bitcoin’s price is likely to end 2025 lower unless there is a strong shift in the coming hours, which has not happened in the year following the halving events in previous cycles.

At the same time, according to “CoinGecko” data, Bitcoin’s market value rose slightly to approximately $1.770 trillion, with its market dominance reaching 57.5%.

In terms of alternative digital currencies, Ethereum price continued to test the $3,000 resistance level without apparent success, while Ripple (XRP) price fell below $1.90, turning this level from support to resistance.

BNB’s gains were limited, and the daily indexes of DOGE, ADA, ZEC, XLM and other currencies fell.

On the other hand, the digital currency Canton (CC) continued its strong performance, achieving a daily increase of approximately 8.5% to $0.146.

According to data from “CoinGecko”, overall, the total market value of the digital currency market increased by approximately US$20 billion that day, reaching approximately US$3.080 trillion.

Also read:

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XRP price fluctuates again ahead of 2026 due to expected resistance