😎👉The price of Bitcoin seems to be stuck at first glance. In the last 24 hours, the price has been nearly flat, down only 0.2%. Even on a weekly basis, Bitcoin has barely moved, up approximately 0.7%. The market feels calm, and many traders are calling this limited action by ranges.
But beneath the surface, several signals suggest that Bitcoin (BTC) is not as weak as it seems. Momentum is slowly changing, sellers are losing conviction, and large holders continue to quietly position themselves. Together, these factors explain why bullish price predictions for Bitcoin made by experts like Tom Lee have not vanished, even without a breakout yet.
Momentum and Volume Signals are Quietly Improving
On the daily chart, the price of Bitcoin continues to respect the level of $90,100. This zone has acted as a firm base during the recent volatility, preventing deeper pullbacks even when the price failed to maintain an upward trend.
One of the clearest early signals comes from the On-Balance Volume (OBV). The OBV tracks whether volume is flowing into or out of an asset, helping to identify hidden buying or selling pressure.
Between December 9 and December 11, the price of Bitcoin made a lower high, while the OBV made a higher high. This divergence shows that even when prices struggled, buyers were more active beneath the surface.
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That signal strengthened between December 10 and December 12. During this period, the price of Bitcoin made a lower low, while the OBV formed a higher low. This tells the same story from another angle. Sellers pushed the price down, but with weaker volume support.
These two OBV divergences work together, not against each other. Combined, they show that selling pressure is decreasing, not accelerating. This does not confirm a breakout, but often appears before one.
Holders and Whales are Positioning Despite the Flat Price
Momentum signals alone are not enough. On-chain data adds confirmation. The Net Position Change of Holder tracks whether long-term holders are adding to or reducing Bitcoin positions. Negative values mean selling. Less negative values mean that selling pressure is decreasing.
On December 10, long-term holders were distributing approximately 155,999 BTC. By December 13, that number had fallen to around 150,614 BTC. That is a reduction of approximately 3.4% in selling pressure.
The change is not dramatic, but it is significant. Bitcoin is not seeing panic selling despite operating in a range. Instead, holders are selling less as the price stabilizes. This behavior typically appears during consolidation phases, not during breakouts.
The strongest signal comes from the whales. The number of entities holding at least 1,000 BTC remains close to its six-month high. This metric often reflects large long-term investors.
Since the end of October, the price of Bitcoin has corrected and moved sideways. During the same period, whale entities continued to accumulate. This creates a clear divergence. The price weakened, but large holders continued accumulating. And generally, they do not add without a valid reason.
This behavior helps explain why bullish price predictions for Bitcoin from analysts like Tom Lee remain in play.
These forecasts are not based on short-term candles. They are based on a reduction in selling, an improvement in volume structure, and a steady accumulation by whales. Still, the price of Bitcoin must confirm the thesis.
Bitcoin Price Levels That Decide if the Bulls Take Control
For Bitcoin to convert these signals into action, price confirmation is required.
The most important level remains $94,600. A daily close above this area would mark approximately a 5% move from current levels and break above the upper limit of the current compression structure. That would indicate that buyers have regained short-term control.
If $94,600 is broken, the next resistance is located near $99,800. A sustained move above that level could open the way towards $107,500, if overall market conditions allow. That could be the first true catalyst for Tom Lee's aggressive projection of $180,000, as mentioned earlier.
On the downside, if the price of Bitcoin loses $90,000, support is near $89,200. Below that, $87,500 becomes the next key level. A break below these areas would invalidate the bullish setup, at least in the short term.
