Bitcoin (BTC) held $fifty,000 into Dec. 25 as BTC bulls avoided an unwelcome Christmas Day surprise.

BTC/USD i-hour candle nautical chart (Bitstamp). Source: TradingView

"Bears become bulls" brusque term?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $50,000 support into the weekend, having ranged after local highs in a higher place $51,500.

The pair was at-home as the holiday season got underway, with thinner liquidity still to show itself in the course of volatile price moves.

With most taking a break from trading and analysis, the nearest target to the upside remained the $1-trillion market capitalization valuation level at $53,000.

For popular trader Pentoshi, a bespeak of friction could come up in the grade of sellers actively driving down BTC/USD to liquidity at $46,000, only to and so buy back in for a rebound.

"Right at present bears on offense. They take price down to 46k simply there was a lot of resting liquidity at that place = stop price from moving. They begin to close shorts and buy some spot back," he offered as a forecast.

"Bears get bulls short term like myself."
BTC/USD scenario chart. Source: Pentoshi/Twitter

Further out, the yearly close was even so to grade a major topic of interest, with Bitcoin nonetheless up $21,000 versus the start of 2022.

$100,000 halving cycle average not dead yet

Taking stock at the end of the yr, meanwhile, was stock-to-menstruum model creator PlanB.

Related: Missed out on hot crypto stocks in 2022? Information technology paid but to buy Bitcoin and Ethereum, data shows

Having attracted fresh criticism over Twitter comments he says were misconstrued, the pop analyst said that Bitcoin was notwithstanding abiding by his model's predictions this month.

Every bit Cointelegraph reported, stock-to-flow'southward parameters provide significant room for maneuver when it comes to spot price, this nonetheless is of value to PlanB and others.

While $135,000 this month, a forecast from the newly invalidated floor model, turned out to be overly optimistic, that figure as an average toll this halving cycle remains in play.