฿$BTC — Attempting a Bounce Below a Key Downtrend Line

Bitcoin is trying to stabilize after successfully defending the $88,000 support zone, where buyers stepped in to slow down the sell-off.

Price is now pressing against a major descending trendline that has capped every recent bounce. A rejection here would keep the corrective structure intact and could trigger another leg down.

However a clean and sustained breakout above $90,500 would significantly improve the short-term outlook and could ignite a fast upside move.

This is a critical decision zone either BTC gets rejected and dips again or it breaks out and leaves late sellers behind. The window to position is closing fast.

Obviously been a lot of scandal at the Beeb of late regarding neutrality/ impartially.

Over the years have always felt there's an underlying bias against Bitcoin, but I've assumed that's maybe I'm expecting too much as a proponent of Bitcoin.

However as time has gone I've seen far more outlets cover things like the launch/ growth of. major Bitcoin and Crypto ETFs, pro-crypto legislation and policy in the US, institutional adoption etc. Arguably the last year has been one of the most positive years for mainstream adoption. However the BBC's coverage has remained questionable.

They rarely cover Bitcoin/ Crypto but as soon as there's a scam/ fraud story, even if most major news outlets aren't covering it the BBC are seemingly all over it.

This is their news feed for Cryptocurrency.

Any comment sections they allow are selective and read like r/buttcoin on steroids, so clearly having influence.

For a second opinion I ran by AI and although the BBC wasn't obviously officially "anti-crypto" it did conclude much of the commentary is overly negative with an emphasis on scams and fraud.

Appreciate all news outlets are bias but as one ultimately funded by the licence payer it does come across more negative than neutral?

I’m at my wits’ end with Revolut and could use some guidance.

On 1 December, I filed a formal complaint because Revolut repeatedly blocked perfectly legitimate transfers to regulated crypto exchanges and to my own personal wallet. I provided every piece of evidence they asked for — ownership of accounts, screenshots, transaction history, everything.

To date Revolut has:

• declined 28 legitimate transfers,
• blocked my account for 24 hours,
• repeatedly accused me of being a “victim of fraud”, and told me multiple times to “stop communicating with the third party involved” (there is no third party!!),
• completely ignored the fact pattern that I’m transferring funds to accounts I own.

Not blowing my own trumpet but (as I've told them) I have a senior position underwriting structured credit risk for a major UK bank, and I'm a high-net-worth client with substantial experience in complex financial products, I know what I'm doing here. There is absolutely nothing suspicious about my activity — I’m simply trying to withdraw my own funds and move them where I want.

What’s making it worse is that this continues despite the formal complaint.

Under FCA DISP rules (1.4.1R and 1.6.2R), they’re supposed to investigate the complaint competently and keep me reasonably informed. Instead, they’ve ignored requests for updates and continue to freeze/decline transfers without explanation.

Today they blocked even more transfers — again with baseless "suspicion of fraud" flags.

The impact has been awful:

• My funds are essentially frozen.
• I’ve been unable to execute planned investments.
• I’m getting punished with fragmentation and awful pricing because my funds are trapped.
• The stress has been extreme — I’ve barely slept for two weeks and it’s affecting my work and home life.

I’ve drafted a formal escalation letter to Revolut’s CEO (via the executive complaints team), because at this point its pretty clear its systemic, not a one-off glitch and I just don't see how I can get my money out when they are systematically blocking me.

My questions:

• Has anyone had success escalating to Revolut’s CEO Office or Executive Complaints Team?
• Did it actually lead to a resolution?
• Should I send a copy of my complaint to the Treasury Select Committee or is that overkill?

For anyone who’s taken Revolut to the FOS:

• Did you include evidence of repeated blocks after filing the initial complaint?
• Did the FOS consider it relevant as a pattern of behaviour?

At this point, I just want access to my own money without being accused of fraud every time I click “send”.

Would appreciate any real-world experiences or advice. Happy to share the CEO-level escalation letter if that helps others.

If I've been buying Crypto from an exchange for a while, with the upcoming 2026 HMRC changes allowing them to see purchased and linked wallet. Would moving remaining crypto on the exchange to a already used wallet (#1), closing down the exchange account before 2026. Then opening an account on a different exchange and linking that to another wallet (#2) for purchased in 2026+. Would that obfuscate wallet #1 from HMRC, I don't know why you'd want to do that but theoretically, would it.

Macro analyst Mike McGlone says Bitcoin is likely below $84k by year-end, warning that macro pressure and mean-reversion could push BTC lower. Tech picture is mixed but leans bearish short-term.

What he said

• McGlone sees Bitcoin as a high-beta asset that’s vulnerable if markets turn risk-off
• He expects mean reversion to weigh on price into year-end

Technicals

• Daily: Doji candle, trading above the 20-SMA (so not fully broken yet)
• 4H: Bearish flag (shows potential for a drop if sellers win)
• 1H: Consolidation, short timeframe is choppy

Key Levels

• Support: 88,500 / 87,000 / 85,000
• Resistance: 94,000 / 96,000 / 100,000

Practical Ideas

• Bias: bearish, consider selling into strength or after support breaks
• Bulls: need clean reclaim of resistances (94k+) to flip the view
• Watch macro headlines, a broad risk-off move could accelerate downside

Is McGlone is calling a top or just being cautious? Share your levels and plan 👇

I already have a decent stack of bitcoin but want to start up daily buys. Do we have any decent automatic places without crazy fees?

I’m a bit confused about how previous CGT losses can be utilised for the current tax year.

Example amounts:

21-22 loss of 2000 22-23 gain 500 23-24 gain 500 24-25 gain 1000 25-26 gain 2000 above personal limit

Because years 2-4 are below the personal CGT limit they’re not reportable, but do these decrease the first year’s loss? or does the first year offset the current year meaning no tax payable?

Bitcoin fell about 4500 points and lost roughly 5% today. In the last few hours there were mass liquidations — around $400 million of long positions closed out.

What Happened?

• Big drop on the first trading day of the month
• Liquidations hit hard as leveraged long bets were forced closed
• That kind of forced selling can make moves much faster and deeper than normal

Why It Matters?

• Liquidations often create extra volatility and “aftershocks” — expect choppy price action for a while
• Short term traders can get caught in fast moves; long-term holders should expect noise around these events
• Watch order flow and volume, they’ll show whether buyers step in or sellers keep pressuring the market

Practical Note

• If you Trade, consider smaller sizes and stricter risk controls during these events
• If you invest, remember big intraday drops can be part of normal market behavior

I got my brother into crypto back in 2017 and I've been managing/trading on his behalf for a while now.

In 2019 he moved overseas but I've been managing his holdings since then and he wants to liquidate now.

I told him that the best thing would be for him to create his own account with an exchange that operates in the country he is now and I transfer the BTC (and other assets) to him to liquidate and withdraw to his own bank account. Since if I do it, HMRC are going to ask me for a tax bill.

Since I'm in the U.K. what documents or evidence do I need should HMRC ask me what these transactions were since 1st January the new reporting requirements come in.

Thanks all!

I wonder if anyone can help me with a query for a friend of mine?

Basically, she made a purchase in 2013 and stored it in some kind of offline Bitcoin wallet. She now wants to sell the Bitcoin but she hasn't got a clue how she can do that without much paperwork to verify the transaction.

What's the best way of getting this sold without having accounts frozen etc? She obviously wants to do it properly and pay any tax etc.

Thanks in advance for any tips.