Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?

Bitcoin enters the final stretch of the year with the price behavior signaling a decisive phase ahead. The market structure has shifted the end-year projections to a corrective reset as opposed to a continuation. 

This is supported by recent rejections by higher levels. Nevertheless, the negative pressure does not disqualify the bigger recovery story. Instead, Bitcoin price action suggests a preparatory phase before expansion. There is short term weakness and long term potential upside.

Analyst’s BTC Price Analysis Highlights $85K Vulnerability

Bitcoin price recently moved closer to a critical support zone, according to analyst Ted. His evaluation points at rejection at the levels of about 90,000 and above. 

Both strategies towards that region provoked aggressive selling pressure. This practice ascertains dominance of sellers at greater levels. 

Consequently, BTC price now drifts toward underlying demand. The region of $85,000 is one of the support bands identified by Ted. That level once took in the sell-side pressure and promoted reactive bounces. 

Nevertheless, the present structure is weak below this zone. Therefore, Bitcoin price could sweep lower liquidity before stabilizing. This situation is a structural behavior and not risk of breakdown.

Wyckoff Structure Signals Bitcoin Price Spring Toward $80K

Bitcoin price action on the 4-hour chart aligns with a Wyckoff accumulation schematic that remains incomplete. The building had already printed a selling climax, an automatic rally, and several secondary tests. Price has not yet, however, taken a decisive spring. 

A spring must make a determined sweep below set support to clear up the residual supply. In this case, BTC price shows vulnerability below the $85,000 range. 

The BTC market valuation sits around $87,500 at press time. A fall to the $80,000 range would finish the spring period. 

That level is in line with the previous demand and liquidity pools. Notably, this step would not be a sign of trend failure. Rather, it would complete accumulation mechanics. 

Price normally recovers the range fast after a spring. The recovery is usually the beginning of an indication of strength. Therefore, future Bitcoin price performance favors expansion once $80,000 absorbs selling pressure.

Options Expiry Pressure Intensifies Bitcoin Price Volatility

Bitcoin price faces added complexity as $24 billion in options approach expiration. These options are set to expire tomorrow, 26th December. The event introduces concentrated short-term pressure into BTC price behavior. 

Existing positioning is also biased towards bearish, making it more sensitive around support. If Bitcoin price remains below key strike levels, downside pinning becomes more likely. 

Conversely, sharp intraday moves could force rapid repositioning. Correlated volatility may be enhanced by ethereum options exposure. Nonetheless, this impact is short-term. 

After expiry is over, the pressure caused by derivatives disappears. Bitcoin price then reverts to structural signals. Therefore, options expiry may accelerate the spring process rather than disrupt the broader setup.

Summary 

Bitcoin price structure supports a controlled dip before recovery. A move toward $80,000 would complete the Wyckoff spring. 

Such an event would eliminate residual sell-side pressure. Reclaiming the range later would be an indicator of structural strength. 

BTC price could then transition into expansion. Within this framework, a shift above 100K will be technically warranted.