Bitcoin continues to extend losses, falling 4.27% over the past 24 hours to trade at $91,491. The decline brings its weekly drop to 12.9% and places additional pressure on short-term sentiment.
At the beginning of the year, Bitcoin was trading at around $93,425. Based on current pricing, this marks a 2.07% year-to-date decrease. Therefore, an investor who placed $1,000 into Bitcoin on January 1, 2025 would today be in a moderate loss holding approximately $979.
Bitcoin year-to-date price chart. Source: FinboldBitcoin technical analysis
The correction intensified as Bitcoin broke below the $90,000 psychological threshold and slipped under its 50-week moving average positioned at $105,000. Interestingly, the last time this pattern was last seen in January 2022 and is typically interpreted as a bearish trend continuation signal. The move suggests that momentum has shifted toward risk reduction after months of sustained price strength.
From a technical perspective, the 14-day Relative Strength Index currently reads 28.9, indicating that Bitcoin is in oversold conditions. However, there is still no clear evidence of a reversal taking shape. Traders are focused on whether the $88,000 level, which aligns with the 78.6 percent Fibonacci retracement zone, remains intact. A failure to hold above this level could trigger further selling pressure toward $85,000, which currently represents the lowest point reached in 2025.
Market participants are monitoring large-scale wallet movements and Bitcoin ETF flow activity for early signs of stabilisation. A pickup in institutional accumulation could improve the short-term outlook, while an acceleration in outflows may suggest further downside risk. Until conviction returns to the market, price direction is likely to remain highly reactive to liquidity shifts.
Although Bitcoin remains significantly higher compared to previous years, the current pullback is a reminder that long-term gains do not eliminate the impact of short-term volatility. A sustained recovery above $88,000 and a return to the 50-week moving average would be required to shift sentiment toward a more constructive outlook.
Source: https://finbold.com/if-you-invested-1000-in-bitcoin-at-the-start-of-2025-youd-now-have-this-much/


