   
Bitcoin (BTC) has had a quiet Christmas, falling below the key psychological level of $90,000 and waning year-end optimism in the crypto market.
According to market analyst Ali Martinez, Bitcoin is consolidate around the mid-point price of $88,000, indicating increasing indecisiveness in the market. This sideways price action signals a clear ‘wait and see’ phase, where neither the bulls nor bears have gained decisive control, leaving the next big move unresolved.
Well, the $90,000 level has long served as a key psychological threshold for Bitcoin, and undershooting it has dampened near-term sentiment, especially among retail traders who often view such levels as signals of market strength. However, consolidation below resistance is not inherently bearish.
Historically, Bitcoin has often paused to build liquidity and momentum after big moves, especially during periods of macroeconomic uncertainty and changing investor expectations. At the current price of $87,423, according to Coin geckoThis sideways action could reflect stabilization rather than weakness.
Bitcoin on track for weakest fourth quarter in 7 years as price falls 22%
According to on-chain market analyst Coin Bureau, Bitcoin is on track for its weakest fourth-quarter performance in seven years, challenging long-held beliefs that the fourth quarter is typically Bitcoin’s strongest period and fueling renewed concern among investors.
 According to Coinglass data, Bitcoin is down 22.54% month-over-month this quarter, an unusual break from its historically strong year-end performance. The last time the fourth quarter showed similar weakness was in 2018, when Bitcoin fell 42.16% amid the depths of the post-bull market crash.
In particular, Coin Bureau emphasizes that Bitcoin’s weakness stems from macro uncertainty, reduced risk appetite and subdued speculation, as rising global interest rates, tighter liquidity and persistent inflation continue to pressure risk assets including cryptocurrencies this year.
Meanwhile, spot Bitcoin ETFs saw outflows of $188.6 million on Dec. 23, marking the fourth straight day of withdrawals as institutional investors reduce their exposure ahead of the Christmas holidays, according to SoSoValue.
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