Confirmed Bitcoin payments hit a yearly low on December 26, with only 623,434 transactions recorded, reflecting the typical illiquidity in the market during the holiday season. This is a significant drop from December 17 when the all-time high price of Bitcoin prompted over 857,000 confirmed payments. The number of BTC recipients peaked at the end of November when the crypto was changing hands at around $96,000. Despite the recent decline in social sentiment towards Bitcoin and the current correction in its price, some analysts believe that the cryptocurrency may recover above $100,000 based on historical patterns. Market technician Aksel Kibar warned of a possible head-and-shoulders pattern forming in Bitcoin's price, which could result in a drop to as low as $80,000. However, he also noted that market responses suggest a less severe correction, indicating a moderate pullback rather than a steep decline.



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