Bitcoin price ‘stuck in a void between liquidity’ on NYE — Will 2025 open bring the volume?
Sellers continue to cap Bitcoin’s rallies into the intra-day highs as BTC trades in a “void between liquidity.”
After dropping to $91,500 on Dec. 30, Bitcoin bulls made a concerted effort to prevent BTC (BTC) price from closing the year below the neckline of an ominous head-and-shoulders pattern on the daily timeframe. As discussed by Cointelegraph in greater depth in a Dec. 30 article, a confirmation of the head-and-shoulders pattern hints at a downside target in the $80,000 to $76,000 range.
BTC/USD (spot) Coinbase. Source: TradingView.com
Multiple analysts have cited the importance of holding the $94,000 level to keep BTC trading in its current $92,000 to $100,000 range, and the Dec. 31 intra-day rally to $96,250 reflects this attempt.
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Author: Big Smokey
