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Bitcoin Price Prediction: $88K Holds Firm as Prenetics Halts BTC Buys and Triangle Tightens

Bitcoin Price Prediction: $88K Holds Firm as Prenetics Halts BTC Buys and Triangle Tightens

Author:
Cryptonews
Published:
2025-12-31 05:52:37
10
1

Bitcoin's price action is squeezing into a classic technical formation—and one major corporate buyer just hit pause.

The Prenetics Pause

The genomics firm Prenetics, which made headlines with its initial Bitcoin treasury allocation, has abruptly suspended its purchase program. No official reason given, just a cold stop. It's the kind of move that makes traditional finance guys nod sagely about 'prudent risk management' while quietly checking their own crypto exposure.

Triangle Tension at $88K

Meanwhile, the chart is painting a familiar picture. Bitcoin is coiling within a tightening symmetrical triangle, with the $88,000 level acting as a stubborn floor. Each bounce off that support gets weaker; each rejection from the descending trendline gets sharper. Volume is drying up—the calm before the storm.

The technicals are screaming for a resolution. Triangles don't hold forever. This one will break, and soon. The only question is direction: a surge toward new highs or a breakdown that tests deeper supports. The market's holding its breath.

Remember, in crypto, 'long-term investment' is just what people call it when their short-term trade goes wrong. The next big move is coming—bet on volatility, not a side.

The total crypto market capitalisation is steady at around $2.98 trillion, while the 30-day trading volume is stuck at $88.9 billion. This situation is saying that the market is not panicking – but it’s not exactly confident enough to go chasing after higher prices either.

Prenetics Ends Bitcoin Buying, Keeps 510 BTC Treasury

Prenetics Global Limited has announced it’s stopping its daily bitcoin buying and won’t put any more money into BTC anytime soon. The company says it will retain that 510 BTC as a treasury reserve but redirect its cash to scale its fast-growing consumer health brand, IM8.

Management said the shift is due to IM8’s rapid growth, with ARR now over $100 million in just 11 months. It projects revenue of $180-200 million for 2026, has a cash hoard of over $70 million, and zero debt, which is a pretty impressive financial situation all things considered.

It’s worth noting that this reduces one of the sources of extra money that corporations have been putting into Bitcoin. Still, it also highlights that more and more public companies are treating Bitcoin as a strategic reserve rather than trading it in the market.

Bitcoin Technical Structure Signals Compression, Not Weakness

On the 4-hour chart, Bitcoin price prediction stays neutral as BTC continues to coil inside a symmetrical triangle that has been forming since the rejection from the $94,000–$95,000 zone. A descending trendline caps lower highs, while higher lows are rising from a mid-December base near $83,500, placing the price in a clear decision zone.

Candlestick behavior supports consolidation rather than stress. Repeated spinning tops and Doji candles point to equilibrium, and there has been no follow-through after bearish sessions.

Bitcoin Price Chart – Source: Tradingview

The 50-EMA and 100-EMA have flattened and converged NEAR $88,200–$88,400, reinforcing the compression narrative. RSI is oscillating around 50–53, with a subtle bullish divergence versus the December low.

Bitcoin Price Outlook: Break Above $90K Could Reset Momentum

As long as Bitcoin holds above $85,100, the triangle structure remains intact. Using a measured move projection, a confirmed breakout above $90,000 opens the path toward $92,200, followed by a retest of $94,600. A clean resolution above that zone WOULD shift focus toward $98,000–$100,000 into early 2026.

PEPENODE: A Mine-to-Earn Meme Coin Nearing Presale Close

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