Presto Research analyst Rick Maeda stated that Bitcoin's key resistance level is $90,000, and breaking through it could trigger short covering and momentum buying. Bitrue Head of Research Andri Fauzan Adziima pointed out that Bitcoin fluctuated between $86,500 and $90,000 in December, influenced by ETF fund outflows and year-end risk-off operations, but a technical rebound following options expiration provided support. Market sentiment has improved, with the 'Fear and Greed Index' shifting from 'Extreme Fear' in mid-December to 'Fear.'
Nevertheless, Bitcoin's performance still lags behind traditional markets like U.S. stocks, which hit record highs last week. Adziima noted that in 2026, the market will focus on potential catalysts such as the reversal of ETF fund flows in January, the advancement of MiCA regulations, and Federal Reserve policies. These factors could drive institutional investors to enter the market.