Bitcoin is currently experiencing strong selling pressure, raising concerns about its recent performance. This pressure has prevented it from surpassing the $100,000 milestone during the festive season. At present, Bitcoin is trading close to a vital support level at approximately $95,000.
Some predictions indicate it might fall further, possibly reaching $60,000 as former US President Donald Trump's inauguration approaches again. Analysts and investors are closely monitoring these developments as they could have significant implications for the cryptocurrency market.
