Is the Bitcoin price at risk of falling further? The market faces a critical test under the Bull Channel

Bitcoin is trading below its bull channel as analysts debate a recovery towards $100,000 or a further decline, while market signals were mixed at the end of 2025.

As the market enters the latter part of 2025, questions remain as to whether BTC can recover or if more downsides are on the way.

BTC is trading below the long-term bull channel

Bitcoin has now been six weeks below the bull market channel it has been respecting for almost two years. During this period, the price made three attempts to re-enter the structure. All were rejected and resistance was now forming along the lower boundary of the previous trend channel.

Currently, BTC is consolidating just below this resistance area, indicating that a fourth attempt to rejoin the channel is possible. According to Crypto’s Titan – a popular analyst with thousands of followers on

#Bitcoin

It’s been 6 weeks already #BTC broke below its bull market channel.

Price tried to reapply three times, all rejected.
A 4th attempt remains possible.

The real question is how this break under the canal is resolved:
– deviation
– Test again from the bottom up
– or full reintegration pic.twitter.com/IeNYBqBSj0

— Titan of Crypto (@Washigorira) December 22, 2025

Additionally, crypto analyst Crypto Tice has pointed out similarities between Bitcoin’s 2025 price action and its 2021 topping pattern. In both cases, the asset showed a rounded top, followed by a sharp decline, a subsequent rebound, and then sustained pressure.

“This bounce is not strong by default,” said the analyst, noting that historically this is the point at which “positioning changes hands.” He added that while a move towards $100,000-$105,000 is still possible, that level “was never about partying‘ and could mark a turning point in sentiment.

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In 2021, a similar structure led to a deeper correction. The current support level being tested was also present in that cycle, and a breakdown from it eventually led to a sharp decline.

Differing opinions from analysts on what comes next

Trader Tardigrade has be to a possible bearish pennant formation on the weekly chart, suggesting a possible move towards $60,000. If this structure is confirmed, it could extend the ongoing bear market that began in September.

In the meantime, VanEck has done that reported a decrease in Bitcoin’s network hashrate of approximately 4% from mid-December. This decline in mining activity has occurred near a market bottom before. Some see it as a possible contrarian signal, although it remains uncertain whether this trend will repeat.

Bitcoin is priced at approximately $87,100 at the time of writing, down 2% in the past 24 hours, but up 2% in the past seven days. As reported by CryptoPotatoThe fourth quarter of 2025 is expected to end with a decline of 22%, the weakest fourth quarter since the 2018 market cycle.