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Do you want a short answer, a deep dive, or should I meet you in the middle with a quick but solid take? As of December 8, 2025, yes — the Bitcoin market is still in a bull phase, but it’s going through a sharp and healthy mid-cycle correction, not the crazy euphoria we saw at the top.
Price is down about 29% from the all-time high of $126,198 (hit on October 6), but that’s completely normal in Bitcoin bull markets. We saw similar 30–40% draw-downs multiple times in both 2017 and 2021, and the uptrend continued afterward.
Right now, the key support zone between $90,000–$93,000 is holding strong, and that usually signals continued institutional buying rather than panic selling.
That said, we’re at a crossroads: short-term downside risk remains if stocks keep wobbling, because — let’s be honest — Bitcoin still behaves more like a high-beta tech stock than a currency these days. When the stock market sneezes, Bitcoin catches a cold… and recovering from every dip feels harder than it used to.
But the numbers don’t lie: we’re nowhere near bear market territory yet. Real crypto bear markets (2018, 2018 and 2022) came with 70–80% crashes that lasted almost 2 years. We’re not even close to that.
Technical resilience is decent (not perfect), but the biggest bullish anchor right now is institutional momentum + the very high probability of a Fed rate cut this week (Dec 10–11). Lower rates = more liquidity = good for risk assets like Bitcoin.
Of course, bearish voices exist. Some analysts (like Peter Brandt) warn of a drop toward $58K–$80K, and a few people already scream “bull market over!” — but they’re still the minority.
Short-term vs Long-term outlook
Price is down about 29% from the all-time high of $126,198 (hit on October 6), but that’s completely normal in Bitcoin bull markets. We saw similar 30–40% draw-downs multiple times in both 2017 and 2021, and the uptrend continued afterward.
Right now, the key support zone between $90,000–$93,000 is holding strong, and that usually signals continued institutional buying rather than panic selling.
That said, we’re at a crossroads: short-term downside risk remains if stocks keep wobbling, because — let’s be honest — Bitcoin still behaves more like a high-beta tech stock than a currency these days. When the stock market sneezes, Bitcoin catches a cold… and recovering from every dip feels harder than it used to.
But the numbers don’t lie: we’re nowhere near bear market territory yet. Real crypto bear markets (2018, 2018 and 2022) came with 70–80% crashes that lasted almost 2 years. We’re not even close to that.
Technical resilience is decent (not perfect), but the biggest bullish anchor right now is institutional momentum + the very high probability of a Fed rate cut this week (Dec 10–11). Lower rates = more liquidity = good for risk assets like Bitcoin.
Of course, bearish voices exist. Some analysts (like Peter Brandt) warn of a drop toward $58K–$80K, and a few people already scream “bull market over!” — but they’re still the minority.
Short-term vs Long-term outlook
- Short-term: We might test $85K by the end of December (some AI models and analysts agree), but that would still be healthy.
- Medium-term: Many expect $112K–$116K by year-end, and $125K+ (or much higher) in 2026.