Bitcoin’s Liquidity Showdown: Will It Soar or Sink? 🪙💼

Ah, Bitcoin (BTC), darling of the digital age, made quite the entrance at Wall Street’s opening curtain, slicing through ask liquidity with the finesse of a seasoned performer responding to the mixed reviews of US employment data.

Key highlights from this financial farce:

• Buyers and sellers are locked in a theatrical tug-of-war, all thanks to those amusingly contradictory US employment figures.

• The order-book begins to shake like a nervous debutante at the Wall Street ball.

• Price targets for BTC are floating around $95,000 – if only we could all conjure such optimism on a whim!

The Grand “Battle” Commences at $87,000

According to the delightful folks at CryptoMoon Markets Pro and TradingView, our bullish friends are finding it quite the challenge to break through the resistance looming above $87,000.

After experiencing a rather dramatic drop to nearly $85,000 the previous day, the tension in the air was thicker than a London fog. Buyers were desperately trying to sidestep yet another “manipulative” sell-off during the grand spectacle of US trading.

“Waking up to a battle in the $BTC order book…” chirped the ever-observant Material Indicators on X, as they shared their riveting findings alongside Binance order-book liquidity data.

“Bid liquidity is huddling at $85k like it’s the last train home, while asks are stacked high above $87k, trying to suppress any potential breakout.”

Material Indicators went on to reference the 100-week simple moving average as the critical support figure, currently lounging at $84,646 – an impressive feat for a mere number, wouldn’t you say?

“Both concentrations of liquidity could be considered guardrails ahead of today’s economic circus,” they added, with all the flair of a stage manager.

And then there was the economic data – a veritable buffet of mixed signals for our risk-averse traders! The US unemployment rate unexpectedly rose to 4.6%, its highest since Q3 2021 – shocking, I know! Yet, the economy managed to add roughly 14,000 more jobs than anticipated in November, leaving us all wondering about the state of labor-market resilience.

“The labor market is still weakening,” concluded the ever-so-sage Kobeissi Letter on X, a fine reminder that clarity is often in short supply.

Meanwhile, stocks were attempting to brush off the cobwebs from earlier losses, with the S&P 500 searching for that elusive green candle after a rather rocky start to the week.

As our friends at CryptoMoon reported, the week’s pièce de résistance, the November Consumer Price Index (CPI), is due to grace us with its presence this Thursday.

“Thin Air” Toward Six Figures

Bitcoin traders, ever the optimists, felt little relief as prices remained tethered to those pesky liquidity clusters.

“This reaction is positively pedestrian,” declared Crypto Tony on X, ever the critic, suggesting that if we dipped below the $84,000 region, a more thrilling reaction would surely follow.

Trader Kay foresaw BTC/USD nearing its “final act” after that dramatic drop from its all-time high in October.

“The tumble from $126K to $100K? Oh, that was simply the OGs cashing out. From $100K to $85K? Why, that was the ETFs doing their dance!” he explained.

“Now, the next dramatic drop will be retail selling, and that’s when the real show begins. If we sweep the April lows, expect a rally above $100K in Q1 2026!”

Maintaining the optimism, commentator Exitpump is eyeing the potential for “huge” bid liquidity further down toward the $80,000 mark, along with a possible clear run to $95,000 if we manage to break through resistance.

$BTC Huge passive demand on spot orderbooks is still strong, with some large asks appearing at 88k. Above that level? Just thin air until we hit the illustrious 95K!

– exitpump (@exitpumpBTC) December 16, 2025