Bitcoin Declines as Asian Economic Shocks Impact Markets

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 02 2025

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Japan's Carry Trade Impact: The unwind of Japan's carry trade strengthened the yen and led to a sell-off in risk assets, including Bitcoin, which dropped from $91,000 to $86,000 in early December.
China's PMI Contraction: China's non-manufacturing PMI showed contraction for the first time in nearly three years, raising concerns about regional liquidity and contributing to the downward pressure on Bitcoin.
Market Panic and Liquidation Warnings: QCP's warning about potential Bitcoin liquidations if stock prices fell triggered panic selling, despite positive macro signals from the U.S. Federal Reserve.
Interconnected Global Markets: The early December decline in Bitcoin highlights the interconnectedness of global markets, where regional economic shifts can significantly impact digital assets, overshadowing supportive U.S. monetary trends.

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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	36063.262	48031.631	60333.282	72301.651	84603.302	96571.671	108873.322
Fibonacci	48031.631	57302.779	63030.503	72301.651	81572.799	87300.523	96571.671

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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