$BTC trend on December 26, 2024, shows some volatility with a recent rejection at the $99,000 level, leading to a decline below $97,000. Analysts and traders are observing potential further corrections, with some predicting a possible drop to the low $80,000s or around $90,000 if support levels fail. However, there's also a bullish sentiment, with expectations of recovery towards $100,000 or even higher if current supports hold. The market's reaction to liquidity zones is under scrutiny, with discussions about buying opportunities at lower price points and anticipation for a significant rally in the future.
Additionally, there's been talk about Bitcoin's dominance indicator dropping to 0% on TradingView, which has sparked speculation about an 'alt season' or if it was merely a glitch. This has led to discussions on whether this could signal a shift in investment towards alternative cryptocurrencies.
Binance's Bitcoin reserves have also notably dropped to levels not seen since January 2024, below 570,000 BTC, which historically preceded a significant price surge. This situation is being interpreted by some as a bullish sign for Bitcoin's long-term price prospects.