Bitcoin (BTC) Price: Bearish Chart Pattern Signals Lower Prices as ETF Inflows Drop 83%

TLDR

• Bitcoin price has formed a bearish flag pattern on the daily chart, with analysts predicting a potential drop to $75,000
• Spot Bitcoin ETF inflows have fallen to $237 million this year, down over $3 billion since November
• Only 9 companies announced Bitcoin treasury strategies this quarter, down 83% from 53 companies in Q3
• Bitcoin currently trades around $92,399, up 2.5% and on track for weekly gains following the Federal Reserve’s 25 basis point rate cut
• Bitcoin has remained stuck in a trading range between $88,000 and $93,000 throughout December

Bitcoin price has recovered 13% from its November lows of $80,637. The world’s largest cryptocurrency currently trades around $92,399, showing a 2.5% gain as investors digest the Federal Reserve’s recent rate cut decision.

The Fed cut interest rates by 25 basis points on Wednesday, marking the third reduction this year. The central bank also signaled a cautious approach to further easing in 2026.

Bitcoin has struggled to break out of its current trading range. The cryptocurrency has remained stuck between $88,000 and $93,000 for most of December. This limited movement comes despite the softer rate environment that typically supports risk assets.

Technical analysis shows concerning patterns forming on the daily chart. Bitcoin has faced rejection at the 50-day Exponential Moving Average. The price has also stayed below the Supertrend indicator, which it needs to move above to confirm a true rebound.

The most worrying development is the formation of a bearish flag pattern. This technical setup often leads to a strong breakdown. The pattern has completed its inverted flagpole section and is now in the flag portion.

Weak ETF Demand Raises Concerns

Institutional demand for Bitcoin has cooled in recent months. Spot Bitcoin ETFs have added only $237 million in inflows this year, bringing total inflows to over $57 billion.

These numbers represent a sharp decline from earlier periods. The ETFs have lost over $3 billion in inflows since November. This compares poorly to earlier months when demand was much stronger.

In May, the funds added $5.2 billion. June saw $4.6 billion in inflows, while July recorded $6.02 billion. The current pace of inflows is well below these levels.

Corporate Bitcoin Buying Slows Down

Fewer companies are adopting Bitcoin treasury strategies. According to CryptoQuant data, only 9 companies announced plans to add BTC to their treasury this quarter.

This marks an 83% drop from the 53 companies that made similar announcements in Q3. Even existing treasury companies have slowed their buying activity.

Strategy purchased $900 million worth of Bitcoin last week. American Bitcoin also added to its holdings this week. However, these purchases are outliers in the current environment.

Other major corporate holders like Mara and Metaplanet have paused their buying programs. Some analysts worry that certain treasury companies may start selling as their net asset values decline.

Analysts point to the first key support level at $87,500. A break below this level could push Bitcoin down to $80,637, representing an 11% decline from current prices. Popular analyst Ted Pilows has predicted a potential drop to $75,000, matching April’s low.

The bearish outlook would become invalid only if Bitcoin breaks above $100,000, which aligns with a major support and resistance pivot point.

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