Bitcoin's recent price drop to below $97.5K from an intraday high of $102,712 indicates a loss of bullish momentum in the crypto market. Traders are looking forward to a potentially bullish trend at the beginning of 2025, expecting policy shifts with the crypto-friendly Donald Trump taking office on January 20.
Despite this optimistic outlook, the market is currently experiencing volatility risks and liquidity concerns, signaling temporary challenges. These issues are significant factors impacting Bitcoin's price dynamics, demanding traders to exercise caution in the short term while eyeing long-term gains.
