$BTC Bitcoin (BTC) has recently experienced significant volatility. Earlier this week, Bitcoin surged above $100,000 but has since declined due to stronger-than-expected economic data, which increased Treasury yields and raised concerns about potential delays in Federal Reserve interest rate cuts. Analysts suggest that Bitcoin's price trajectory in the first quarter of 2025 hinges on President-elect Donald Trump's actions concerning the crypto industry. Key support levels to watch include $92,000, $87,000, and possibly down to $74,000, where longer-term investors might accumulate. Resistance levels to monitor are at the psychological $100,000 mark and the significant $106,000 level where traders might take profits. Investors should remain cautious, as the cryptocurrency market is highly volatile and influenced by various economic and political factors.