The growing momentum that triggered the Bitcoin rally to the mark of $100,000 after the U.S. elections is no longer supported by new buying interest from market participants.

"While this does not threaten the medium-term rally, the struggle to break above the $100,000 level is becoming extremely tense, and Bitcoin bulls are losing initiative," said analysts at FalconX.

In their opinion, even the slightest negative news can now trigger a sharp correction in the value of the first cryptocurrency. A possible drop or breakthrough above the psychologically important mark of $100,000 could be swift.

Market liquidity has decreased amid the rally, despite the fact that trading volumes of the first cryptocurrency have been growing over the past few weeks, experts warned.

Previously, analysts at 10X Research stated that the Bitcoin rally is still far from over. According to experts, by the end of December, the exchange rate of the first cryptocurrency may reach the mark of $115,000.