Analyst Sets Bitcoin Price Target at $76,000

Long-term holders still see the bull trend intact

After a pullback to $80,000, the price of the leading cryptocurrency has stalled in an ascending channel that risks turning into a “bear flag”. A trader known as Roman allowed for a decline to $76,000. 

$BTC 1D

Let the drop to 76k begin. Bear divs + bear price action proving their worth.

“But interest rates are dropped!”

Interest rates have been dropping & it doesn’t matter.

Price is going lower. https://t.co/RGXSdgvrdE pic.twitter.com/LQxtSP3LPB

— Roman (@Roman_Trading) December 11, 2025

“Time to fall to $76,000. Bearish divergences and overall price action confirm the forecast,” he wrote, attaching a chart with price, volumes, RSI and MACD.

According to the expert, positive macroeconomic factors (including Fed rate cuts) and the stock market no longer influence digital assets. 

“Bitcoin has already risen 750% from the $15,600 low in 2022. The bull rally is over. One should prepare for the next one, after which the price will fall to $50,000,” he added. 

Investor Ted Pillows also pointed to the formation of a “bear flag”, drawing parallels with the 2022 correction. 

The resemblance between the $BTC current cycle and the last cycle is truly shocking.

If this plays out, a pump to $100,000 and then a dump below $70,000. pic.twitter.com/ulJ6yu1uHZ

— Ted (@TedPillows) December 11, 2025

“The resemblance between the current cycle and the previous one is truly shocking. If the scenario repeats, we will see a rise to $100,000 and then a drop below $70,000,” he wrote. 

Options traders are also betting on a fall in digital gold. According to Glassnode, activity is skewed toward puts even after the Fed meeting. 

The options open interest put/call ratio has been creeping higher over the past weeks. Even after the FOMC meeting, activity remains skewed toward puts. This morning’s expiry pushed the ratio lower, reflecting hedges that rolled off after the meeting.https://t.co/tKdGsd1dZ8 pic.twitter.com/JUULQm5yd3

— glassnode (@glassnode) December 12, 2025

“The market is stabilizing, but the foundation remains fragile. Price action is constructive, but liquidity is low and flows into ETFs are split — a sure sign of a market that is searching for direction rather than following it,” noted BRN head of research Timothy Misir in a comment to CoinDesk.   

At the time of writing, bitcoin is priced at $92,500, up 3% over the past 24 hours. 

Historic divergence on Binance 

There are also positive signals — long-term holders believe the bull trend will continue. 

A CryptoQuant contributor known as CryptoOnchain pointed to a rare divergence on Binance. Coin outflows hit record levels, while deposits fell to their lowest in years. 

Historic Divergence on Binance: Aggressive Bitcoin Accumulation at $91K

“Existing supply is being removed from the order books, and new selling pressure is virtually non-existent. This behavior indicates extreme conviction among investors.” – By @CryptoOnchain pic.twitter.com/QPOQzmcfSj

— CryptoQuant.com (@cryptoquant_com) December 12, 2025

The 30-day moving average of deposits on Binance fell to the lowest since 2017 — around 320 transactions per day.

“This signals a major shift toward self-custody, even though bitcoin is trading near record highs,” the expert commented. 

He said that as long as the leading cryptocurrency remains in the current range, market participants are not interested in selling. 

The current situation is creating a classic “supply shock” scenario, CryptoOnchain noted.

“When bitcoin reaches peaks, an inflow of coins to exchanges is expected: long-term investors take profits. Now it is different: liquidity is leaving trading platforms, and new selling pressure is not forming. This anomaly demonstrates unprecedented investor confidence in the continuation of the bull trend,” he concluded. 

Earlier, analysts ruled out a “Santa Claus rally” for the leading cryptocurrency. They say the Fed’s cautious stance will delay new all-time highs until at least the spring.