Bitcoin Price Forecast: BTC Eyes $80K As Oracle Revenue Spooks Bulls

Bitcoin (BTC) slipped from its post–Fed rate-cut bounce on Wednesday, dragged lower by fresh weakness in US tech markets after Oracle’s latest earnings disappointed Wall Street.

The move downside increased the odds of further selloffs in December. Let’s examine.

Weak Oracle Revenue Hurts Bitcoin, Tech Stocks

Bitcoin sell-off intensified after Oracle shares tumbled 11% in extended trading, with the company reporting quarterly revenue below consensus estimates despite rapid growth in demand for its artificial intelligence infrastructure business.

The miss rattled broader AI-linked names: Nvidia (NVDA), and AMD dipped roughly 1%, while cloud-AI heavyweight CoreWeave slid more than 3%.

The reaction underscored markets’ growing sensitivity to AI earnings after a two-year rally concentrated in mega-cap tech.

When AI leaders stumble, liquidity tends to unwind across correlated high-beta segments, including Bitcoin, whose intraday movements have tracked US tech stocks more closely throughout 2025.

Rising Wedge Breakdown Targets $80.2K

Bitcoin’s latest retreat coincides with a bearish technical structure taking shape on the daily chart. BTC is confirming a rising wedge, a pattern that typically emerges during corrective bounces and precedes continuation to the downside.

As illustrated in the chart, BTC’s lower highs and higher lows have converged into a tightening wedge apex, with price now slipping beneath the support trendline.

Historically, Bitcoin rising wedges have produced downside extensions equal to the height of the pattern projected from breakdown, placing the next potential target near $80,200.

The wedge breakdown also reflects broader market hesitation. BTC failed to reclaim its 20-day (green ) and 50-day (red) exponential moving average (EMA), which continues to act as resistance.

Bear Flag Structure Reinforces Breakdown Risk

Adding to the downside confluence is a broader bear flag forming on Bitcoin’s higher-timeframe chart, as highlighted by trader KillaXBT.

The pattern shows BTC oscillating within a rising, corrective channel after November’s sharp sell-off, classic redistribution behavior following a major market top.

Each rally toward the upper boundary has been met with weakening momentum and frequent deviations, suggesting buyers lack conviction.

The flag’s measured move aligns closely with the rising wedge target around $80,000, but Killa warns that a time-based capitulation phase may unfold first.

A confirmed breakdown from this flag would open the door to deeper downside toward the mid-$70,000 region.