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$BTC Bitcoin Current Status: Bitcoin yet again failed to reach the milestone at $100K, which has caused BTC price to drop to $95,000. Besides, a significant shift in liquidity has been recorded, suggesting that market participants are squeezing the profits and pouring them into other tokens. Therefore, the next few days could be crucial for the BTC price rally. Market Performance: Bitcoin is facing selling pressure as the price, which is trading at $ 94,794.25 , has plunged by over 2% in the past 24 hours. The market cap has dropped to $1.88 trillion with a similar pullback, while the trading volume increased over 63% to reach close to $50 billion. While the bullish sentiments have dropped to 79% and the Fear-Greed Index has reached 81, suggesting the traders remain extremely greedy. Technical Analysis: The volatility has been squeezed to a large extent as the price remains consolidated within a predetermined range. Besides, the selling pressure has begun to mount, indicating the price may continue to drop lower if bulls remain passive. However, the technical indicators remain bearish, suggesting the price may soon test the interim support close to $92,000. The price action at these levels may suggest the next course of action, as a rebound may pave the way for a $100K milestone, but a continued bearish action may drag the levels close to $90,000. BTC Price Prediction: The price target at $100K appears to be pretty viable despite the fact that the bears are trying hard to reclaim their dominance. However, in the last few days of the year, the traders are expected to shift their focus back to Bitcoin price, which could revamp a strong rise and achieve the much-awaited milestone at $100K.
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