Bitcoin price fell a fraction of a percent over the past 24 hours to trade at $89,634 as of 2:44 a.m. EST, while trading volume fell 31% to $35.3 billion.
BTC fell below $90,000 even as Japan-based Bitcoin treasury firm Metaplanet went to X to reach broader shareholders about its December 22 online extraordinary general meeting (EGM).
📢 The notice for the online extraordinary general meeting of shareholders to be held on December 22 has been sent.
This proposal is important for the future of our company. We need your vote.
If you have not yet exercised your voting rights, please exercise your voting rights in a timely manner via the QR code.
We also have special offers.
Please help us by reposting this message. 📢
— Metaplanet Inc. (@Metaplanet) December 15, 2025
The shareholders’ meeting will include a “critical” proposal regarding the future issuance of preference shares, which is essential to the company’s medium to long-term strategy, the company said.
Key agenda items will focus on the company’s strategic and governance issues, including Metaplanet’s BTC accumulation strategy.
The company now holds 30,823 BTC, purchased at an average price of $108,036 per token.
Metaplanet CEO Simon Gerovich has called on shareholders to actively exercise their voting rights as the EGM puts forward key proposals.
To the shareholders of Metaplanet
Exercise your right to vote at the extraordinary general meeting of shareholders to be held next week, December 22 (Monday).At this general meeting, important proposals are made regarding the issuance of preference shares in the future, which is of great importance for the medium to long-term strategy of the company. … pic.twitter.com/1b7rY3noBo
— Simon Gerovich (@gerovich) December 15, 2025
Meanwhile, Michael Saylor has hinted that Strategy will buy more Bitcoin, posting “Back to More Orange Dots” on X.
Go to more orange dots. pic.twitter.com/rBi1aagDVO
— Michael Saylor (@saylor) December 14, 2025
BTC fell to a two-week low of around $87,500 on Sunday, with this rapid decline becoming a common feature in recent weeks. Can the Bitcoin Price Recover?
Bitcoin Price Poised for a Breakout Despite Continued Decline
According to the BTC/USD analysis on the daily TradingView chart, after reaching the $126,230 all-time high (ATH) in October, BTC price is in a sustained downtrend within a descending wedge pattern.
The downtrend was further fueled by supply areas around $115,000 and $107,000, and a deathcross occurred after the 200-day Simple Moving Average (SMA) ($108,488) crossed above the 50-day SMA ($96,031).
However, the bulls appear to be defending the $85,600 demand zone, allowing Bitcoin to trade in a sideways pattern above but capped by the $94,100 resistance area.
With BTC trading at the top of the wedge, a breakout is emerging.
Meanwhile, the Relative Strength Index (RSI) appears to be recovering and rising towards the 50 center line level, currently at 44, indicating that buyers may be regaining some control over the past 24 hours.
Additionally, the Moving Average Convergence Divergence (MACD) supports bullish sentiment, with the blue MACD line now consistently above the orange signal line, forming a bullish crossover.
BTC price prediction
Based on the analysis of the BTC/USD chart, the BTC price is about to break out of the falling wedge pattern, with the RSI and MACD indicators supporting the positive momentum.
If momentum picks up and bulls continue to apply pressure above the demand area, Bitcoin price could rise further, first targeting the 50-day SMA and then the first resistance level at $107,500.
Conversely, if the bears take over the price and push it below the demand area, the next possible support is at the $80,000 level, with further support at the $75,000 level, which was last reached in April 2025.
According to Ali Martinez, a popular crypto analyst on X with over 164,000 followers, the SuperTrend indicator has turned bearish. The last time this happened, the price of BTC fell by 60%.
-60%.
That’s how much Bitcoin $BTC fell the last time SuperTrend turned bearish. pic.twitter.com/HZQUC9imZp
— Ali (@alicharts) December 14, 2025
Traders are also bracing for a rate hike by the Bank of Japan (BoJ) this week, sparking renewed concerns about the potential impact on risk assets like Bitcoin.
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