Bitcoin Trades Near Key Price Safety Net That Strategy Already Breached

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Trades Near Key Price Safety Net That Strategy Already Breached The safety net is the 100-week average, which has stalled the downtrend. By Omkar Godbole | Edited by Sam Reynolds Dec 17, 2025, 7:14 a.m. BTC trades near key support, with MSTR offering bearish cues. What to know : Bitcoin trades near a critical 100-week simple moving average, a key support level for bulls. Strategy shares have already fallen below this average, signaling potential bearish trends for bitcoin. Bulls must defend this support to prevent further declines similar to Strategy's recent losses. This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC $ 86,777.66 trades close to a crucial long-term price line that's held for three weeks, putting bulls on edge. However, shares in the largest publicly listed BTC holder, Strategy (MSTR), have already slipped below this "safety net," flashing bearish cues to the cryptocurrency. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . This safety net is the 100-week simple moving average (SMA), the average price over roughly two years and a trusted metric for technical analysts across markets to identify major trend shifts and long-term support or breakdowns. For bitcoin, the 100-week SMA has held steady for three weeks, halting the decline from record highs above $126,000. Think of it as a safety net catching a falling object mid-air. A bounce from the average could spark hopes of a trampoline-like bullish rebound. But if prices break lower, frustrated holders may dump more while bears gain confidence, sparking deeper declines. That's precisely what happened to MicroStrategy shares in November, as seen in the chart below. BTC and MSTR's weekly charts in candlestick format. (TradingView/CoinDesk) MSTR dropped to $220 in early November, penetrating the 100-week SMA line. Since then, it has extended the sell-off to $160. The stock is now down over 60% from the year-to-date high of $457. This is critical for BTC bulls, as MSTR had also led bitcoin earlier when it broke below the 50-week SMA, another widely watched long-term average. The key takeaway is that bulls must defend the 100-week SMA, or prices risk following MSTR’s path into deeper losses. If bulls manage to keep prices above the average, it would strengthen hopes that it acts as a trampoline for a bullish rebound. Bitcoin News Technical Analysis Markets More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Bitcoin slides with ether and XRP as market tests $3 trillion floor By Shaurya Malwa , Omkar Godbole | Edited by Omkar Godbole 1 hour ago BTC's weak tone contrasted with moderate gains in major Asian equity indices, which drew strength mostly from expectations of fiscal stimulus. What to know : Crypto markets continued to decline, with overall capitalization falling below $3 trillion for the third time in a month. Large-cap assets, particularly those with ETF exposure, are experiencing selling pressure as institutional investors reassess risk. Bitcoin's decline contrasts with gains in major Asian equity indices, which are buoyed by expectations of fiscal stimulus from Beijing. Read full story Latest Crypto News Bitcoin slides with ether and XRP as market tests $3 trillion floor 1 hour ago Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows 1 hour ago DOGE exits range as selling pressure builds at key levels 2 hours ago Why XRP’s drop below $1.93 shifts short-term market structure 3 hours ago Crypto exchange HashKey's shares fall 5% on trading debut in Hong Kong 4 hours ago Hyperliquid’s $200 billion pitch: Is this next Solana-scale DeFi bet?: Asia Morning Briefing 5 hours ago Top Stories Bitcoin slides with ether and XRP as market tests $3 trillion floor 1 hour ago U.S. FDIC proposes first U.S. stablecoin rule to emerge from GENIUS Act 14 hours ago Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows 1 hour ago U.S. Senate's Warren asks for Trump-tied crypto probe as market structure bill drags 13 hours ago Bitcoin bounces from Monday's worst levels, but sub-$80,000 may come next, analyst says 15 hours ago Eric Trump’s American Bitcoin jumps to 20th among public BTC treasury companies 14 hours ago In this article BTC BTC $ 86,777.66 ◢ 0.86 %