Bitcoin (Bitcoin-BTC) Price Forecast with ABCD Correction Pattern Targeting Test of $83,000 Pivot Level and Demand Range Continues to Weaken

Bitcoin price continues to decline towards the pivot demand zone in the $74,500-$83,800 range to reach the target of the ABCD corrective technical pattern, which weakened hopes of consolidation above the $86,000 pivot level.

This has been accompanied by a host of developments supporting institutional adoption, including a Congressional initiative to allow Americans to pay federal taxes using Bitcoin, a booming market for cryptocurrency-related exchange-traded products (ETPs) in Europe, and Metaplanet’s plans to purchase $135 million worth of Bitcoin, all indicators that are helping to shape market expectations for future price action.

Congress is discussing a new bill that would allow federal taxes to be paid using Bitcoin.

Representative Warren Davidson introduced the Bitcoin for America Act, which would allow citizens to pay federal taxes directly with Bitcoin. If approved, it will be the first step for the federal government to adopt this digital currency as an official means of payment.

Project to create a strategic Bitcoin reserve

According to the bill, Bitcoin used to pay taxes will be transferred to a “strategic Bitcoin reserve,” a long-term stockpile that will be entirely held in cold storage (offline) wallets for a period of at least 20 years. Proponents of this trend support the idea of ​​allowing the government to directly deal with an asset characterized by scarcity and dwindling supply, instead of relying solely on the United States dollar (USD).

Davidson believes that the inclusion of Bitcoin on the US balance sheet will improve financial stability, as the country holds a share of “one of the most valuable digital assets in the world.”

Improving U.S. Competitiveness Globally

The bill also aims to support U.S. competitiveness, especially amid reports that major countries such as China and Russia are increasing their Bitcoin holdings. By officially recognizing the currency, the United States could get ahead of previous countries in integrating digital assets into its economic policies.

Potential implications of public adoption and high demand for Bitcoin

If the Bitcoin for America Act passes, its approval could lead to an increase in demand for Bitcoin by including it in the system of federal payment activities. Adopting the currency as a means of paying taxes can give it long-term confidence and support rising prices due to the institutional and international interest in its adoption by the government.

21Shares Expands in Europe by Launching 6 New Exchange-Traded Crypto Products

21Shares continues its European expansion by introducing 6 new crypto exchange-traded products (Crypto ETPs) to its investment product roster on the Nasdaq Stockholm Stock Exchange, bringing its investment products in Sweden to 16 products. New additions include single-asset products covering Cardano-ADA, Chainlink-LINK, and Polkadot. (Polkadot-DOT) and Aave-AAVE, in addition to a product pair that offers various digital currency packages.

The move follows the recent launch of the JUNO ETF, highlighting the growing demand in Europe for regulated investment vehicles offering direct exposure to digital assets. With the value of assets under management exceeding $8 billion, 21Shares reported that investors in Northern Europe are seeking low-cost, diversified investment solutions for digital currencies, demonstrating growing confidence in regulated digital asset products.

Metaplanet is launching a stock sale plan worth $135 million in a bid to increase its Bitcoin holdings.

Metaplanet announced plans to raise $135 million in financing by issuing 23.6 million shares of Class B perpetual preferred stock at a price of 900 Japanese yen ($5.71) per share. Shareholders are expected to vote on the offer on December 22, 2025, with the issue aimed at international investors.

The new class B shares provide their owners with an annual dividend of 4.9%. They can also be converted into common stock at a predetermined conversion price. The company reserves the right to repurchase its shares if the stock price exceeds a certain level. The restructuring process includes the cancellation of a group of previous guarantees and the granting of updated financing rights to the Evo Fund.

In turn, the company’s CEO, Simon Gerovich, said that the initiative – called Project MERCURY – is part of the company’s expanding strategy to create a sustainable reserve of Bitcoin. Metaplanet currently owns 30,823 BTC, but its investment position has decreased by approximately 15% from the average purchase cost due to the recent market setback.

Bitcoin Price Technical Analysis: Selling Forces Push Price Towards Demand Range Amid Growing Reversal Indicators

Based on previous Bitcoin price predictions, price continues its gradual move towards the demand zone between $74,500 and $83,800, the same zone that supported the April high, corresponding to the 0.618 Fibonacci retracement of the 2025 highs. A breakout of the long-term uptrend line saw momentum shift decisively to the downside, confirming the formation of a ‘pattern’ crows.” The Three Blacks” on the daily chart continue to exert selling pressure.

It appears that sales momentum has intensified recently; The relative strength index (RSI) reading has fallen into the mid-20s with no signs of upward divergence yet, an area that has already seen several rebounds. Traders watch for a bullish engulfing candlestick or a strong bounce in the demand range as a potential sign of declining selling strength.

Structurally, Bitcoin price is poised to complete the final waves of correction from the extended ABCD pattern, with a potential reversal axis emerging around $86,000. A strong bounce higher from this area could open the door to a retest of the $97,500 level, where the broken trendline meets a strong horizontal resistance barrier.

As for a decisive close above this barrier, it could pave the way for a retest of $111,300, which is the next strong selling zone. On the other hand, a breakout of the demand range and stability below can give traders a higher quality opportunity, namely a confirmed course reversal supported by a rise in the RSI and price regaining its position above the 20-day moving average line (DMA-20).

For traders who like promising digital currency IPOs, Bitcoin’s price stability may represent the spark that reignites the overall market mood as 2026 approaches.

Bitcoin Hyper-HYPER: the next evolution of Bitcoin on the Solana blockchain

Bitcoin Hyper launches a new phase of the Bitcoin technical system; While the Bitcoin Blockchain represents the benchmark in terms of security, the new Bitcoin Hyper solution brings it what it has always lacked, namely superior speed comparable to the Solana Blockchain, and the result: ultra-fast and inexpensive smart contracts, decentralized applications (dApps), and even the creation of meme currencies, while maintaining the security of the basic Bitcoin blockchain.

For its part, the project team pays great attention to reliability and scalability, and the smart contract for its currency was successfully audited by the Coinsult team alongside growing investor interest and growing momentum. Subscription proceeds recently exceeded $28 million, with a limited amount of coins remaining for sale at a price of $0.013295 before increasing again in successive subscription stages.

With the growing activity on the Bitcoin blockchain and the growing demand for efficient applications based on it, Bitcoin Hyper emerges as a real bridge between two of the largest technical systems in the world of digital currencies.

If Bitcoin laid the foundation, Bitcoin Hyper will make it faster, more flexible and more fun than ever.

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