BREAKING
413d 14h ago

Bitcoin Price Volatility Expected Amid Low Liquidity Environment, Predicts FalconX Research

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

On December 23rd, COINOTAG reported insights from Bloomberg regarding cryptocurrency market trends. FalconX’s Head of Research, David Lawant, expressed in his analysis that a bullish trajectory for the market could materialize before Q1 2025. However, he cautioned that Bitcoin is likely to undergo significant volatility in the short term. Lawant elaborated that the approaching year-end often leads to heightened market uncertainty due to low liquidity conditions, which could exacerbate price fluctuations. He particularly highlighted the importance of December 27th, which is positioned to be a pivotal moment as Bitcoin faces its largest options expiry to date. Traders and investors should stay vigilant as strategic positioning ahead of this date may influence price movements across the board.

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