Bitcoin (BTC) Price Prediction: BTC Eyes $100K as Market Cleared Out Downside Liquidity

Cryptocurrency markets saw volatile trading on Friday despite growing interest in spot ETFs.

Cryptocurrency markets experienced choppy trading on Friday, with some traders expressing optimism over the possibility of spot ETFs.

Here's a glance at Friday's market snapshot, top gainers, and trader notes:

Markets saw choppy trading on Friday, with some traders expressing optimism over the possibility of spot ETFs.

Rising inflation and anticipation of the Federal Reserve's next move kept traders on edge.

Bitcoin prices dropped 1.24% over the last 24 hours to trade at $93,833.53 by early Friday.

The crypto king’s market experienced clear liquidations of leveraged longs, which cleared out downside liquidity.

The focus now shifts to upside potential, with a gradual trend upwards toward the major resistance level of $100,000 being a likely scenario.

After a green daily close, maintaining momentum is crucial for a strong weekend finish.

A logical pattern for Bitcoin’s trajectory in the coming weeks could involve a drop to $80,000, followed by a final push towards the $120,000 to $130,000 range.

A successful trading strategy since $49,000 involved buying dips caused by excessive leverage and selling pumps.

This approach yielded gains, but the recent drop to $92,000 marked the first loss this season.

Despite the setback, the last three months provided ample opportunities to double capital, even if this signifies a potential Christmas sell-off or market top.