Will Bitcoin Price See a Relief Rally Before New Year’s Eve?
Bitcoin price is down 2% in the last 24 hours and is down 3% from yesterday's high. At first glance, nothing about the price seems interesting.
However, something down the charts, especially on the chain, has changed for the first time in three months, and something else has changed this week. In the year As 2026 approaches, these two shifts won't confirm the lineup, but they could be the first builds of one.
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Momentum is starting to change, but it needs confirmation
Two signs appeared simultaneously. They are different, but the time is important.
The first is the On-Balance Volume (OBV). OBV is measured by buying and selling pressure. Between December 21 and December 26, the price of Bitcoin showed an upward trend. OBV not followed. He made low altitudes. That's the bearish OBV difference. This explains why the price has not been able to break since the amount is not associated with a small increase in price.
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This week, OBV broke above the trend line connecting those lower highs. That breakdown indicates strong buying pressure is building. The signal is not confirmed until the OBV rises above 1.58 million. If that happens, the price of Bitcoin may finally respond. That hasn't happened yet.
The second signal comes from Hodler's net displacement parameter. This will track wallets that last more than 155 days. They are very slow moving in the market.
On December 26, this measure turned positive for the first time since late September. Long-term holders added 3,783.8 BTC. They do not buy for short-term activities. They submit to judgment. And this is the first conviction in three months.
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A relief rally needs both sides. OBV must follow. Hodlers must continue to increase. Without one, the other is not enough.
The Bitcoin price map that will determine the end of the year or the beginning of 2026
The price of Bitcoin still has work to do. Price levels tell the true story.
Bitcoin failed to recover $90,840 for almost two weeks. That level pushed the price down on Dec. 12 and has blocked any attempts since then. Until price clears that level, every bump feels temporary.
Above $90,840, the first real support rally checkpoint sits near $97,190. BTC price fell below that on November 14th.
If the rally extends, $101,710 and $107,470 are the next zones.
On the upside, support sits at $86,915. It has been held since December 19. A loss opens up a position of $80,560. Low year-end liquidity increases that risk. For now, depending on the position of long-term investors, Bitcoin price may test a support rally if it holds the support at $90,840 and $86,910.
