As 2024 concludes, Bitcoin’s price faces significant selling pressure, hovering around 93,594 USD after a drop to 91,500 USD. Analysts note that maintaining the 94,000 USD level is vital to avoid bearish patterns.
Market activities reveal that Bitcoin trades within a liquidity void, where price dynamics rely heavily on market orders. Increased buy volumes in futures highlight opportunities for margin longs at lower prices, particularly between 91,000 USD and 93,000 USD.
As traders observe Bitcoin’s recent behavior, they anticipate potential shifts in trading volume and liquidity in 2025. The upcoming days are critical for monitoring the 94,000 USD support level’s stability amidst ongoing volatility in market activity.