A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet's analysts evaluate where BTC could be heading next as it seems bound for a correction before higher highs.
Author
FXStreet Team
FXStreet
Solana (SOL) price extends its correction, slipping below $70 on Friday after posting losses of over 23% so far this week. The sell-off was fueled by broader weakness in the crypto market, with Bitcoin (BTC) reaching a low of $60,000 on Friday.
The cryptocurrency market valuation is down $2.8 trillion as the industry leader, Bitcoin, dropped to $60,000 earlier on Friday before a whipsaw to $65,000. Market sentiment is extremely bearish as evidenced by massive liquidations, declining Open Interest, and a sell-side skew in the derivatives market.
Bitcoin, Ethereum and Ripple slip to multi-month lows, erasing all gains since crypto-friendly candidate Donald Trump won the US presidential election in November 2024. BTC hits a low of $60,000 on Friday, while ETH nosedives to $1,750 and XRP to $1.11.
Monero (XMR), Zcash (ZEC), and Jupiter (JUP) are leading the cryptocurrency bear market over the last 24 hours as Bitcoin (BTC) dropped 14% on Thursday.
Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
Bitcoin (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.