After a failed ‘Santa Claus rally’, it is evident that the Bitcoin (BTC) price is trapped in a tight range. The flagship coin has experienced a significant supply wall around $90,300 in the past few weeks.
Additionally, Bitcoin price has established a robust demand zone around $85.3k in the past few weeks. As such, a clear direction has not been identified in December 2025, thus leading to forced liquidations of both longs and shorts.
According to crypto analyst Michaël van de Poppe, the BTC price has experienced strong selling pressure every time it retested $88k during the last few weeks. Although the intense selling pressure experienced in November has significantly declined, the BTC price has not attracted notable buyers to pump through $90k towards $100k in the last few weeks.
As such, Poppe highlighted that the BTC price will likely retest the support level around $80.5k to form a potential double bottom. Moreover, Poppe is of the camp that believes that BTC price is preparing for a bullish 2026 after a choppy 2025.
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A similar thesis has been presented by crypto analyst Lennaert Snyder, who noted that the BTC price has strongly held its support level around $86.9k. Snyder stated that the best entry for Bitcoin longs is around $85k or below.
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Snyder highlighted that the BTC price is likely to retest $85k in the coming days if the support level around $87k fails to hold. However, Snyder noted that if BTC price experiences a violent rally above $90k, its midterm capitulation will be invalidated.
According to Snyder, the Bitcoin price is largely impacted by the macro liquidity cycles. As such, he said that understanding the art of liquidity is a major key to profitable trading.
Related: Bitcoin Price Prediction: BTC Holds $84,000 Support But ETF Flows Block Breakout
In the past few weeks, the Bitcoin price has experienced choppy trading due to the high liquidity flows to the precious metal industry. With extremely high demand for Gold and other precious metals, experts have raised an alarm about the global systemic failure of fiat currencies.
Already, Iran’s Rial (IRR) has experienced a severe collapse, whereby it hit a record low of 1.42 million IRR per USD on December 27, 2025. The weakening U.S. dollar amid an ongoing increase in the global money supply is a major trigger for liquidity flowing to Bitcoin to protect investors’ value.
(adsbygoogle = window.adsbygoogle || []).push({});Amid the ongoing legalization of crypto in the United States and other global economies, the Bitcoin price is well-positioned to rebound in the coming days towards a new all-time high. Furthermore, onchain data from Santiment shows whales have stopped profit taking and retail traders have been accumulating in the last few days.
Related: Will Early 2026 See a “Liquidity Bomb” That Sparks a New Crypto Supercycle?
