Bitcoin (BTC) traded near $95,000 as the week came to a close, with liquidity “games” beginning to show across exchange order books. Despite a flat weekend, market observers remain cautious, with some predicting a potential price dip.
Liquidity Analysis Raises Concerns
According to Material Indicators, two proprietary trading tools are flashing “red,” indicating that the price may not climb higher than yesterday’s high. A push above $97,300 would invalidate the new signal. Meanwhile, popular trader Skew notes that buy liquidity is shifting higher toward spot price, potentially indicating upside.
Bitcoin Price Action Remains Volatile
BTC/USD provided little inspiration for bulls, with order book liquidity analysis leading market observers to stay cautious. Despite this, Bitcoin remains down just 1.25% in December, with Q4 upside at over 50% according to CoinGlass.
Long-Term Outlook Remains Bullish
Longtime market participants, including popular trader Titan of Crypto, predict that the better portion of gains is yet to come. A Wyckoff analysis chart uploaded to X shows the ascent to macro highs continuing before a distribution phase kicks in.
Key Takeaways
* Bitcoin traded near $95,000 as the week came to a close * Liquidity “games” are emerging across exchange order books * Market observers remain cautious, with some predicting a potential price dip * Long-term outlook remains bullish, with Q4 upside at over 50%
Source: Cointelegraph.com
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