PANews reported on December 29th that Rick Maeda, a researcher at Presto Research, pointed out that $90,000 was a key resistance level, and a break above it triggered short covering and momentum buying. Andri Fauzan Adziima, head of research at Bitrue, stated that Bitcoin fluctuated between $86,500 and $90,000 in December, influenced by ETF outflows and year-end risk-averse operations, but a technical rebound after options expiration provided support.

Market sentiment has improved slightly, with the "Fear & Greed Index" shifting from "Extreme Fear" in mid-December to "Fear". However, Bitcoin's performance still lags behind traditional markets such as US stocks, which hit an all-time high last week.

According to Bitrue's Adziima, looking ahead to 2026, the market is focused on potential catalysts such as the reversal of ETF inflows in January, the progress of MiCA regulation, and the Federal Reserve's policies, which could drive institutional investors into the market and start a new round of market activity.