Bitcoin Risks First Post-halving Year Red Candle With Price Stuck...

Bitcoin analysis said that while a retest of $93,500 could still occur by the yearly close, a red 2025 candle would threaten the four-year cycle theory.

Bitcoin (BTC) eyed weekend highs into Sunday’s weekly close with the yearly candle in focus.

Bitcoin sees an eerily calm weekend as analysis eyes a three-day bullish divergence locking in.

It may take until the new year for capital to redeploy and the BTC price situation to change.

Bitcoin is down 6% for the year, potentially marking a bearish post-halving record.

Data from TradingView showed BTC price action nearing $88,000 after two days of barely any volatility.

Friday had seen familiar fakeout moves as liquidity hunts accompanied a record $24 billion options expiry event. As Cointelegraph reported, this was thought to be acting as a suppressing force on price.

Now, bullish arguments included a key relative strength index (RSI) divergence on three-day timeframes.

“Bitcoin locked in a three-day bullish divergence, right on top of key support,” trader Jelle wrote in an X post on the topic.

Trader BitBull put faith in seasonality when it came to a BTC price rebound. Institutions, he argued, would begin allocating capital to "underperforming assets” in early January.

Source: CoinTelegraph