Recently, Bitcoin's price movement has left many people scratching their heads. Want to push back to $100,000 in the short term? Honestly, that target now seems a bit out of reach. It's like climbing a mountain and encountering strong winds — facing a hurdle of $94,000, making it difficult to get over in a short period.
More importantly, those large institutions that frequently trade have recently slowed down their buying pace significantly. The previous frenzy has passed, and now everyone is watching. Just look at the data from the past few weeks: from $92,513 on December 12, dropping to $85,462 on December 19, then oscillating between $86,000 and $88,000. The latest quote on December 26 is around $87,234. This back-and-forth rhythm indicates the market is digesting pressure.
But looking at a longer timeline, the situation is different. Many seasoned players and analysts in the industry remain optimistic about Bitcoin's medium- to long-term prospects. Their logic is: short-term resistance and slowing funds are normal adjustments and do not affect the overall trend.
Mainstream cryptocurrencies like Ethereum and Binance Coin are also facing similar liquidity considerations, and the entire market is waiting for a clear directional signal.
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AirdropBuffet
· 12-26 22:53
The 94,000 level is indeed a tough barrier, but are big institutions slowing down the pace? Isn't that just accumulating chips? Don't be naive.
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NFTRegretter
· 12-26 22:46
94,000 is just a paper tiger; the real test is yet to come.
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PriceOracleFairy
· 12-26 22:36
nah the 94k wall is just textbook market mechanics honestly—been watching the liquidation cascades all week, institutional apathy hits different when you're staring at 7-figure positions lol
Recently, Bitcoin's price movement has left many people scratching their heads. Want to push back to $100,000 in the short term? Honestly, that target now seems a bit out of reach. It's like climbing a mountain and encountering strong winds — facing a hurdle of $94,000, making it difficult to get over in a short period.
More importantly, those large institutions that frequently trade have recently slowed down their buying pace significantly. The previous frenzy has passed, and now everyone is watching. Just look at the data from the past few weeks: from $92,513 on December 12, dropping to $85,462 on December 19, then oscillating between $86,000 and $88,000. The latest quote on December 26 is around $87,234. This back-and-forth rhythm indicates the market is digesting pressure.
But looking at a longer timeline, the situation is different. Many seasoned players and analysts in the industry remain optimistic about Bitcoin's medium- to long-term prospects. Their logic is: short-term resistance and slowing funds are normal adjustments and do not affect the overall trend.
Mainstream cryptocurrencies like Ethereum and Binance Coin are also facing similar liquidity considerations, and the entire market is waiting for a clear directional signal.