As Bitcoin (BTC) continues to move sideways, investors wonder whether the flagship crypto will end the year positively or on a sour note. Some analysts suggest a close above recently lost levels could propel BTC\u2019s price to new highs.<\/p>\n
Since breaking past the long-awaited $100,000 barrier in early December, Bitcoin has seen two significant corrections<\/a> to the lower zone of its one-month range. Throughout the month, the flagship crypto\u2019s price has traded between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of December.<\/p>\n However, since reaching its latest all-time high (ATH) of $108,353 ten days ago, Bitcoin has lost the $100,000 support zone, falling to its lowest price in weeks. Over the past week, BTC has struggled to reclaim the $98,000 support zone, losing its Christmas retest above this level on Thursday.<\/p>\n Now, the largest crypto by market capitalization moves within the mid-zone of its monthly range, displaying a candle that \u201cdoesn\u2019t look great but also not the worst. Neutral, and still a few more days to go,\u201d as Altcoin Sherpa stated.<\/p>\n The analyst suggested<\/a> that Bitcoin could see \u201csome weird price action over the next few weeks with despair followed by an absolute moon mission and killer alt season.\u201d<\/p>\n Meanwhile, Daan Crypto Trades called<\/a> BTC\u2019s current price action the \u201cend of the year chop.\u201d He noted that as Bitcoin moves sideways, liquidity is \u201cbuilding on both sides,\u201d with an area of interest below $94,000 and a key level above the $100,000 mark.<\/p>\n Some investors asked the community to zoom out on BTC\u2019s chart, highlighting that the cryptocurrency remains within a historical<\/a> range despite the horizontal trajectory. If Bitcoin were to end the year at its current price, it would still record a 48.15% return in Q4 and a 122% increase in the yearly timeframe.<\/p>\n Analyst Carl Runefelt considers<\/a> that investors should watch the $92,500 support zone, as breaking below that horizontal level could send BTC\u2019s price to $86,000. Similarly, Ali Martinez warned investors about a key level for BTC.<\/p>\n Martinez asserted<\/a> that investors \u201cdon\u2019t want Bitcoin to dip below $92,730,\u201d explaining that it is \u201cessentially free fall territory\u201d if the flagship crypto loses that level. According to the analyst, the flagship crypto could fall as low as $70,000 if it loses the key support zone based on the UTXO Realized Price Distribution (URPD) chart.<\/p>\nBitcoin Risks Fall To One-Month Lows<\/h2>\n