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Bitcoin battles $89,000 price ceiling as bul
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Bitcoin battles $89,000 price ceiling as bul
Bitcoin battles $89,000 price ceiling as bulls try to break U.S. sell pattern
5 min read
Bitcoin battles $89,000 price ceiling as bulls try to break U.S. sell pattern
Bitcoin bulls are putting up a fight on Friday to break this week's choppy action that has capped all advances at around $90,000.
By Krisztian Sandor, James Van Straten|Edited by Stephen Alpher
Updated Dec 19, 2025, 5:44 p.m. Published Dec 19, 2025, 4:52 p.m.
Bitcoin (BTC) price on Dec. 19 (CoinDesk)
What to know:
- Bitcoin bounced above $89,000 overnight, but bulls are once again struggling to maintain gains in the U.S. session.
- ETH, SOL, SUI lead the altcoin rebound, up over 5% from Thursday's lows.
- U.S. equities are showing strength, also helping to boost crypto-related stocks like BitMine and Galaxy.
Bitcoin BTC$87,121.42 bulls are fighting to break on Friday what's been a consistent pattern of sell pressure during U.S. hours.
Dipping below $85,000 late on Thursday afternoon, BTC once again climbed after U.S. markets closed, pushing back above $89,000 they opened Friday morning. That level, though, has roughly capped every attempt of a breakout throughout the week, with sellers hammering prices back to square one — sometimes within minutes and sometimes over the course of a few hours.
STORY CONTINUES BELOW
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The largest crypto for the moment is holding fairly steady ahead of the pre-holiday weekend, trading at $88,400, up 0.3% over the past 24 hours.
Ether ETH$2,962.12 bounced to just shy of $3,000, up 1% over the past day, while Solana's SOL SOL$124.63 and SUI$1.4440 lead the overnight rebound among altcoins.
CoinDesk 20 performance from Thursday's U.S. equity market close. (CoinDesk)
U.S. equities are having another strong session, led by the Nasdaq's 1% gain, with AI bellwethers Nvidia, Oracle and AMD rising 3%-6%.
Read more: Oracle TikTok deal lifts AI mining stocks
Digital asset-related stocks followed suit in the rebound. Ethereum treasury firm BitMine (BMNR) advanced almost 8%, while Galaxy Digital (GLXY) and stablecoin issuer Circle (CRCL) were each up around 3%.
Strategy (MSTR), the largest corporate BTC holder, also bounced more than 3%, pushing its multiple to net asset value (mNAV) to 1.09.
Meanwhile, BitDigital (BTBT) is up 10% following news related to WhiteFibre (WYFI), has signed a 10-year, 40MW colocation agreement with Nscale, valued at approximately $865 million. BitDigial owns roughly 70% of WhiteFibre (itself ahead 11%), amplifying the positive impact on BTBT shares.
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The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
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