Market analysts believe that Bitcoin may continue to consolidate its price in the coming months, but there is a potential for a downward movement. The coin has been trading above $100,000 since Monday after Donald Trump's inauguration. While the bull cycle of Bitcoin may not be over according to on-chain indicators, investors who leveraged the coin should be cautious. Leveraged trading in volatile markets can result in panic-driven buying or selling and potentially massive losses for traders. Bitcoin faced selling pressure after Trump's inauguration, but buying pressure later dominated the market. BTC is currently trading within a horizontal trend channel, and there is a lack of defined resistance, making the chances of price volatility towards the downside high. However, Bitcoin's RSI above 70 indicates positive momentum, and investors' optimism suggests that prices may continue to rise. Analysts believe that further upward movement is likely in the first half of 2025 after the price reached $100,000. The constant withdrawals of Bitcoin from exchanges may create a supply shock and drive prices higher if the trend continues. Traders are optimistic about BTC's upward price momentum by the end of January.



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