Bitcoin’s U.S. dollar price (BTC-USD) is trading around $88,044 on Thursday, December 18, 2025, after another whipsaw session that tested both sides of the market’s current “comfortably uncomfortable” range. At the time of writing, BTC is up about 0.5% versus the prior close, with an intraday high near $90,187 and a low around $85,355.
That wide band tells the story of today’s tape: traders are reacting to fresh U.S. inflation data, shifting expectations for Federal Reserve policy in early 2026, and a notable burst of demand in spot Bitcoin ETFs—all while technical resistance overhead continues to cap rallies.
Bitcoin (BTC-USD) price today: where BTC is trading on Dec. 18, 2025
Bitcoin is currently hovering in the upper-$80,000s, after repeatedly failing to hold above $90,000 this week.
This consolidating behavior matters because it follows a major slide from Bitcoin’s early-October peak above $126,000, leaving the market sensitive to macro headlines and liquidity conditions. [1]
What’s driving Bitcoin today: CPI cools, rate-cut odds tick up
A key catalyst on December 18 is U.S. inflation data that came in cooler than expected.
Reuters reported that U.S. consumer prices rose 2.7% year-over-year in November, below forecasts cited in the report, while core inflation was 2.6%. The release was also shaped by a 43-day U.S. government shutdown that disrupted the usual CPI cadence (including the cancellation of the October CPI report), making markets extra jumpy about what the data does—and doesn’t—signal. [2]
In rates markets, traders nudged up the implied probability of a January move: Reuters reporting via a rates-market update shows the probability of a 25-basis-point cut in January rising to about 28.8% (from ~26.6% before the CPI release). [3]
Why Bitcoin cares: in 2025, BTC increasingly traded like a “macro-sensitive risk asset,” responding to shifts in yields, the dollar, and equity sentiment—especially around high-impact data releases. [4]
Spot Bitcoin ETF flows: a $457 million demand pulse hits the market
One of the more constructive datapoints in today’s coverage is ETF flow support.
FXStreet reports that U.S.-listed spot Bitcoin ETFs recorded about $457.29 million of inflows on Wednesday, the strongest daily intake since November 11, helping offset near-term selling pressure as BTC stabilized around $87,000–$88,000. [5]
Independent flow tracking from Farside Investors shows a similar total—$457.3 million on Dec. 17, 2025—with inflows concentrated in a couple of large products (notably Fidelity’s FBTC and BlackRock’s IBIT) while some funds saw outflows. [6]
The market implication: ETF demand can cushion dips, but it doesn’t automatically break overhead resistance—especially if spot buying is met by profit-taking from holders who bought higher.
Crypto-sector news today: Coinbase, Strategy and the “crypto equities” divergence
Even as Bitcoin chops sideways, crypto-related stocks have been making their own headlines.
Barron’s notes that Bitcoin was up modestly (around 0.7%) near the mid-$87,000 area while some crypto-exposed equities rose in premarket trade. The report highlights Coinbase’s push to become an “everything exchange,” including a partnership with Kalshi and plans to offer stock trading—an example of how parts of the crypto economy can rally on company-specific catalysts even when BTC is range-bound. [7]
Meanwhile, Investors.com points to the ongoing “Strategy effect”: Strategy (formerly MicroStrategy) has continued buying Bitcoin, but the market is debating how sustainable and price-supportive that buying is—especially as financing costs rise. [8]
For BTC traders, this matters because corporate treasury activity can create bursts of demand, but it can also amplify sentiment swings if investors begin to worry about funding constraints.
Technical outlook: the Bitcoin levels traders are watching right now
Across today’s technical commentary, the common theme is range trading with sharp fake-outs.
Near-term range and trigger points (FXStreet)
FXStreet frames Bitcoin as consolidating after a rejection at $90,000, highlighting:
- A key support zone near $85,569 (a Fibonacci level cited in the report)
- A near-term ceiling at $90,000
- A potential downside path toward $80,000 if support breaks
- A potential rebound target near $94,253 if BTC can close above $90,000 [9]
The bigger “market structure” view (Glassnode)
Glassnode’s latest Week On-Chain describes a market rejected near ~$93k with structural support around ~$81k, emphasizing heavy overhead supply from coins accumulated in the $93k–$120k zone. The report also flags $95k (a key quantile level) and the Short-Term Holder Cost Basis near $101.5k as major thresholds that Bitcoin would need to reclaim to meaningfully relieve upside pressure. [10]
Another widely cited technical map (DailyForex)
DailyForex likewise places resistance near $93,000 and support around $80,000–$84,000, arguing that a breakdown below $80,000 could open deeper downside targets (with $75,000 and even $65,000 discussed as risk levels in that analysis). [11]
Bitcoin price forecast: scenarios for the next move (and what would invalidate them)
Forecasting Bitcoin is less about “one number” and more about what must happen next. Based on the level framework in today’s research and commentary:
Scenario A: Bullish recovery (a $90k reclaim that sticks)
Bitcoin’s near-term bullish path looks most plausible if:
- ETF inflows remain consistently positive (not just one-day bursts), and
- BTC can reclaim $90,000 and push into the low-$90,000s, where multiple analysts see supply and resistance. [12]
If momentum builds, the market’s next “prove it” zones cluster around $93k–$95k, and then the psychologically important $100k+ region—where on-chain metrics like cost-basis levels become harder hurdles. [13]
Scenario B: Bearish continuation (support fails and $80k comes back into play)
The bearish path strengthens if:
- BTC loses the mid-$85,000 support area discussed by multiple analysts, and
- risk appetite fades again (for example, if yields rise or equities weaken).
In that case, $80,000 becomes the market’s next major test, with some analyses warning that a clean break below could accelerate downside. [14]
Scenario C: The “annoy everyone” outcome (range persists into late December)
Glassnode argues that options positioning and large late-December expiries can mechanically reinforce range behavior, with dealers effectively buying dips and selling rips as hedges adjust—keeping price trapped until positioning rolls off. [15]
This scenario is consistent with what BTC has been doing: volatile intraday swings without sustained follow-through.
Longer-range forecasts: where major institutions see Bitcoin heading in 2025–2026
While short-term calls focus on levels, investors also track longer-horizon forecasts from major banks and research shops—especially after Bitcoin’s sharp reversal from October highs.
Standard Chartered: trimmed targets, still bullish longer term
Reuters reports that Standard Chartered’s Geoff Kendrick cut his forecasts in half, now expecting:
- ~$100,000 by the end of 2025
- ~$150,000 by the end of 2026
- and still sees a path to $500,000 by 2030, though with a delayed timeline versus earlier projections. [16]
JPMorgan (as cited by Business Insider): a higher 6–12 month target
Business Insider summarizes a JPMorgan view suggesting Bitcoin could potentially reach $170,000 within 6–12 months, using a framework that compares Bitcoin to gold on a volatility-adjusted basis and highlights additional “swing factors” tied to crypto-treasury companies and index inclusion rules. [17]
Important context: these forecasts are not guarantees—they’re conditional outlooks based on assumptions about liquidity, adoption channels (like ETFs), and macro conditions.
What to watch next: catalysts that could move BTC-USD fast
Over the next several sessions, Bitcoin traders and long-term holders are watching a few specific levers:
- Follow-through in ETF flows: one strong day helps; a sustained trend changes the supply/demand balance more meaningfully. [18]
- The Fed path for January 2026: markets have adjusted rate-cut odds after CPI; that expectation can swing quickly with new data. [19]
- The $90k / $85k technical battlefield: today’s volatility shows how quickly BTC can traverse that band, but also how hard it’s been to escape it. [20]
- Overhead supply near $93k–$95k: on-chain research suggests this zone is a real “supply wall,” not just a line on a chart. [21]
Bottom line
Bitcoin (BTC-USD) is holding near $88,000 on December 18, 2025, supported by a cooler CPI print and a fresh surge in spot ETF inflows, but still constrained by heavy overhead supply and clear technical resistance in the low-$90,000s. [22]
References
1. www.reuters.com, 2. www.reuters.com, 3. www.tradingview.com, 4. www.reuters.com, 5. www.fxstreet.com, 6. farside.co.uk, 7. www.barrons.com, 8. www.investors.com, 9. www.fxstreet.com, 10. insights.glassnode.com, 11. www.dailyforex.com, 12. www.fxstreet.com, 13. insights.glassnode.com, 14. www.fxstreet.com, 15. insights.glassnode.com, 16. www.reuters.com, 17. www.businessinsider.com, 18. farside.co.uk, 19. www.tradingview.com, 20. www.fxstreet.com, 21. insights.glassnode.com, 22. www.reuters.com
