Market veteran Michaël van de Poppe suggests that Bitcoin is in a liquidity grab phase, with potential for a bullish rally coinciding with Donald Trump's inauguration on January 20. He identifies two key liquidity zones to watch: $89,000 - $91,000 and $84,000 - $86,000. The current bearish trajectory of Bitcoin shows lower lows and lower highs, but a reversal could occur after weaker hands are flushed out. Van de Poppe also notes that the macroeconomic climate is challenging, with U.S. Treasury yields and the dollar rising. He advises monitoring weak labor markets, the potential impact of Trump's inauguration, and signs of a slowdown in the economy. The recent downturn in Bitcoin's price has led to significant liquidations in the market.



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