As 2024 comes to an end, the performance of BTC's price is causing concern among investors. BTC has lost its main support on the 50 EMA (a key level that maintains a bullish momentum). This breakthrough indicates a significant change in market sentiment and increases the possibility of further decline at the beginning of 2025. The declining 50 EMA may lead to more dumping pressure, especially if traders expect the downward trend to continue. The next important support levels are the 200 EMA (approximately $76,160) and the psychological level ($85,457). If BTC fails to stabilize at these levels, a more severe decline may occur in the first quarter of 2025.

The recent trading volume profile indicates a weakening market activity, which makes BTC more vulnerable. Without strong buying pressure, it is unlikely to see a rebound and retest the 50 EMA in the near future. Nevertheless, if bulls can push BTC back above the 50 EMA in the next few days, it may signal a brief recovery and rebuild some market confidence.

The Relative Strength Index (RSI) indicates that the bearish momentum may not have been exhausted yet, as the index is trending lower but still in neutral territory. With a lack of strong institutional or retail demand at present, the outlook remains cautious. The environment for BTC in 2025 will be very challenging. The market will need strong catalysts to prevent further decline, which may include a technical recovery to key levels (e.g., $96,472), macroeconomic changes, or a revival of institutional interest.