A BTC gift worth $50,000 was given out on Christmas, and the Bitcoin battle began to “offend”

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Bitcoin (Bitcoin) Hold $50,000 until December 25th because BTC bulls avoided unpopular Christmas surprises.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

“Short to long” short-term?

Data from Cointelegraph Markets Pro and Transaction view It shows that BTC/USD maintained the support level of 50,000 USD at the weekend. Local high point More than $51,500.

As the holiday season began, the currency pair remained calm, and the weakening of liquidity has not yet manifested itself in the form of price fluctuations.

Most people suspend trading and analysis, and the most recent upside target is still a market value valuation level of US$1 trillion, or US$53,000.

For the popular trader Pentoshi, a point of friction may appear in the form of sellers actively pushing down the liquidity of BTC/USD to $46,000 before repurchasing for a rebound.

“It is offensive now. They lowered the price to 46k, but there is a lot of static liquidity there = preventing price movement. They started to close short positions and buy back some spot,” he supply As a forecast.

“Empty heads, like me, became long in a short period of time.”

BTC/USD scenario chart.Source: Pentoshi/Twitter

In addition, the annual closing price has not yet formed a major topic of concern, despite this, Bitcoin has risen by $21,000 compared to the beginning of 2021.

The halving cycle average of $100,000 has not died yet

At the same time, it was PlanB, the creator of the inventory-to-flow model, that was in the chassis of the year.

related: Missed the hot crypto stocks of 2021?The data shows that you only need to buy Bitcoin and Ethereum

The popular analyst’s comments on Twitter caused fresh criticism. He said he was misunderstood. He said that Bitcoin still follows the predictions of his model this month.

As Cointelegraph ReportWhen it comes to spot prices, inventory flow parameters provide a lot of leeway, which is still valuable to PlanB and other companies.

Although $135,000 this month, the predictions from the newly failed floor model proved to be Too optimistic, This figure is still in effect as the average price of the halving cycle.