Things may be boring now, but an increasingly “complacent” market will allow for fiery market movement, QCP Funds said.

Bitcoin (BTC) has maintained its range after hitting a ten-day high on December 22nd amid new warnings of the market’s “complacency”.

How about a New Years squeeze?

Cointelegraph Marketplaces Professional and TradingView data followed BTC / USD consolidation after hitting $ 400 of $ 50,000 overnight.

The bulls have withstood a substantial selling wall around the psychologically important level, with analysts calling for and holding a profit of $ 50,500 to turn positive in a short time.

“Today the seas will part to make way for a shot at lower levels at BTC,” noted trader Pentoshi tweeted in a featured social media post.

“I ask the bears. Come to the ark. Go to a safe place. Come with us to 53,000 arid lands where everyone can win and embrace in glory. “

While the “Santa Claus rally” has so far escaped both the crypto and traditional markets, some are betting on changes over the turn of the year with a view to the future.

For the trading company QCP Cash, the key lies in the impending low liquidity during the holidays, which could lead to a short-term shortage in an overly apathetic market environment.

It to advise Wednesday.

“… We stick to our view that there will be a bottleneck (likely peak) if liquidity dwindles over the holidays through 2022. When this happens, property is. It is very beneficial to have wings. “

Data from Coinglass shows that at press time, funding rates on the exchanges are positive but not neutral, suggesting a lack of speculative activity.

Dollars forego new profits

Meanwhile, on Wall Street opening, macro signals remained muted as Tesla stock (TSLA) rose 4.3% without affecting Bitcoin’s performance.

Related: Missed Hot Crypto Stocks In 2021? It’s only worth buying Bitcoin and Ethereum, as data shows

The S&P 500 index rose slightly after the opening bell, while the panic caused by the coronavirus seems to have subsided last week.

Further relief came in the form of a bearish US dollar, with the US dollar currency index (DXY) heading towards 96 support later on the day.