#比特币价格预测 Seeing Bitcoin once again face resistance at the $90,000 mark, a familiar sense of helplessness washes over me. Over the years, I’ve experienced it too many times— the frenzy of 2017, the winter of 2018, the disillusionment of 2021, and the rebound of 2023. Every time the price hits a psychological barrier, the market’s performance repeats an ancient script.

On-chain demand has turned negative to -3491 coins. What does this number signify? Is it a risk-averse mindset before the New Year, or deeper down, a loss of confidence among market participants? I still remember the feverish influx of institutional funds into spot ETFs at the end of 2021, and now, with a net outflow of $7.82 billion, it tells a completely opposite story. Coinbase premium index has fallen to -0.08, and selling pressure in the US remains—this indicates that even the most risk-tolerant investors are choosing to exit or wait on the sidelines.

But history has shown me that these pessimistic signals are often the night before a bottom forms. Hidden bullish divergence on the monthly chart is nothing new; I’ve seen how it eventually evolves across multiple cycles. The key isn’t whether it’s $90,000 or $92,000, but rather the moment when demand truly recovers and institutional funds turn back into net inflows—that’s the real signal that the game’s rules are changing.

The greatest test now is patience. Holding above the $84,000 support indicates limited downside potential. The real challenge for the New Year is whether we can wait for genuine demand revival, rather than being misled by short-term volatility. I’ve seen too many people make wrong choices at the crossroads of history.