Bitcoin Bull Luke Gromen Adopts Short-Term Bearish Stance as Market Changes Occur

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 20 2025

BTC+2.372%

Q+0.25%

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Shift in Bitcoin Outlook: Luke Gromen has changed his short-term outlook on Bitcoin from bullish to bearish, citing concerns over its correlation with tech stocks and tightening liquidity conditions.
Impact of Quantum Computing: Gromen warns that quantum computing poses long-term risks to Bitcoin's security, potentially affecting its viability within the next two to nine years.
Market Sentiment and Tether's Strategy: Tether's preference for gold over Bitcoin, as reflected in their balance sheet, indicates broader market sentiments regarding the safety of digital assets.
Volatility and Regulatory Challenges: Bitcoin's market cap remains strong despite recent declines, but analysts emphasize the need for adaptive measures to maintain its leadership amid regulatory scrutiny and evolving technological challenges.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36118.443	48059.221	60388.463	72329.241	84658.483	96599.261	108928.503
Fibonacci	48059.221	57330.369	63058.094	72329.241	81600.389	87328.114	96599.261

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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