 Bitcoin trader eyes yearly close 'games' as Q4 BTC price gains top 50% 
2024-12-29
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Bitcoin BTCUSD traded near $95,000 into the Dec. 29 weekly close as liquidity “games” began to show across exchange order books.
Analysis says BTC price needs to crack $97,300
Data from Cointelegraph Markets Pro and TradingView tracked flat weekend BTC price action after downside volatility into the week’s final Wall Street trading session.
Wedged in a tight range, BTCUSD provided little inspiration for bulls, and order book liquidity analysis led market observers to stay cautious.
Commenting on low-timeframe price performance, trading resource Material Indicators warned that two of its proprietary trading tools were flashing “red.”
“FireCharts shows a new $86M bid ladder is pushing BTC price up from the lows, but a new (red) signal from the Trend Precognition A1 algo on the D chart, which follows back to back (red signals) from the A2+ algo is an indication that price isn't likely to climb higher than yesterday's high, at least not before today's D candle close,” it wrote in a post on X. 

The Binance BTCUSDT pair made popular trader Skew equally indecisive over what might happen next.
A chart uploaded to X showed buy liquidity shifting higher toward spot price — potentially indicating upside should its owner leave it in place.
“I have been watching these limit bids throughout today, which have conveniently just moved higher towards price,” Skew explained in part of accompanying commentary.

Skew added that he was “expecting more of these games to be played going into yearly open.”
Bitcoin preserves competitive Q4 returns
At around $95,000, Bitcoin remained down just 1.25% in December at the time of writing.
Data from monitoring resource CoinGlass put Q4 upside at over 50%, almost equalling its 2023 performance.
Despite various BTC price predictions calling for new lows before continuation of the bull market, longtime market participants still saw the better portion of gains yet to come.
Among them was popular trader Titan of Crypto, who uploaded a chart to X that he described as Bitcoin’s “roadmap” for 2025.
It showed Wyckoff analysis calling for the ascent to macro highs to continue before a distribution phase kicks in.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.