Bitcoin traded near $95,000 on Dec. 29 as traders anticipated potential volatility before the year's end. Analysts observed a cautious atmosphere in the market, highlighting concerns over low-timeframe price performance, with proprietary trading tools indicating a likely price ceiling at $97,300. The presence of a significant bid ladder was pushing prices up from recent lows, but traders noted that the shifting liquidity could signal a deliberate influence on market prices. Despite December showing a slight decline of 1.25%, Bitcoin's Q4 performance revealed a strong upward trend, with returns exceeding 50%, almost matching its 2023 gains. Some market participants, while predicting further downward movements before the bull market escalates, expressed optimism about the continued potential for price increases, citing various analysis methods including Wyckoff theory that suggests a roadmap for Bitcoin's journey towards macro highs before potential distribution.

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