The Bitcoin price fell a fraction of a percent over the past 24 hours, trading at $90,293 at 11:11 a.m. EST, while trading volume fell 28% to $50.8 billion.
BTC was trading in a tight zone at $91,000 as traders prepare for the Bank of Japan (BoJ) to raise interest rates this week. Nikkei Asia reported that the BoJ will raise interest rates by 25 basis points to 0.75% on December 19, the highest level in about 30 years.
This has renewed concerns about the potential impact on risky assets worldwide.
INSIGHTS:
According to Nikkei Asia, the Bank of Japan will raise interest rates next week for the first time in eleven months.
The carry trade in the yen continues.
Global liquidity just felt new pressure.Keep a close eye on risky assets. pic.twitter.com/xgiH7PyY7Z
— Merlijn The Trader (@MerlijnTrader) December 13, 2025
The yield on Japan’s 10-year government bond rose to 1.917% on Thursday, the highest level since 2007, impacting investor sentiment around the world.
In the past, the country’s low interest rates have served as a foundation for cheap global liquidity, allowing funds to deploy capital into higher-risk assets such as stocks and crypto.
Bitcoin price in a consolidation phase provides important support
The BTC price has corrected after hitting an all-time high of $126,230, marked by a series of lower highs and increasing selling pressure on the three-day time frame.
The decline accelerated as Bitcoin price lost the $105,000-$110,000 region, an area that previously acted as strong support around the 50-day Simple Moving Average (SMA).
The 50-day SMA (currently near $108,640) now acts as a long-term resistance level, limiting any upside attempts.
BTC eventually found demand in the $85,000 zone, which closely aligns with the 200-day SMA ($88,975), a key long-term trend indicator that often acts as a support level in the bull market.
After the sell-off, Bitcoin has recovered, pushing its price above $90,000. However, the price of BTC is now trading in a consolidation phase between $89,000 and $94,000.
Recent candles suggest selling pressure is easing as downside momentum slows and BTC begins to stabilize above the recent swing low.
Meanwhile, the Relative Strength Index (RSI) is hovering around 36-37 and remains below the neutral level of 50, indicating weak momentum.
BTC price prediction
According to BTC/USD chart analysis, BTC price appears to be consolidating above a key long-term support zone, following a sharp corrective move from the cycle high of $126,230.
If Bitcoin manages to maintain support above the current demand zone and regain the psychological level of $100,000, the price could attempt a recovery towards the $105,000-$108,000 region, where the 50-period SMA and previous support-in-resistance are located.
On the other hand, if BTC fails to hold the $85,000 support zone and sellers regain control, the price could resume its corrective trend, with the next downside target being near the $75,000-$78,000 region.
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