Bitcoin’s liquidity test: Will $87K decide BTC’s next major move?

Will Bitcoin drop to sweep liquidity at 89K–87K？

Source: CoinGlass

Can Bitcoin explode from THIS level？

Source: TradingView

Farzam Ehsani, CEO of VALR, affirmed this notion, telling AMBCrypto in am email,

“Bitcoins technical picture reflects this nervousness. Resistance at $92,000 and a narrowing range are setting the stage for a decisive breakout that could determine the direction for months to come.”

Fed cut reaction: Macro fear vs. technical reversal

Ehsani continued,

“Scrutiny of US government decisions, which encompasses the largest Bitcoin holders, is based on the notion that a new round of domestic economic disasters due to the bankruptcy of companies with significant Bitcoin reserves, which actively lobbied for their interests and sponsored the current government during elections, is unacceptable.”

Path toward $96K: Can BTC reverse？

Source: X

Ray Youssef, CEO of NoOnes, echoed this sentiment, telling AMBCrypto,

“A dovish Fed tone could open the door to renewed risk-on sentiment, triggering a ”Santa rally“ for digital assets, with BTC reclaiming $100,000, ETH rising above $3,500, XRP at $2.3, and Solana moving towards $150.”

Youssef summarized it perfectly, observing,

“Market structure is finally beginning to stabilize after recent forced unwinds and intense selling pressure, particularly from long-term holders. However, the depth of the market recovery remains shallow.”

He continued,

“ETF inflows have only recently turned positive after heavy redemptions, and cumulative spot buying pressure is still underwhelming.”