Bitcoin has been trading within a narrow range between $94,000 and $95,000, indicating a period of consolidation. According to Glassnode co-founders Yann Happel and Jan Allman, investors' profit-taking has decreased, suggesting a slowdown in selling pressure. However, the buying enthusiasm has also diminished, which may lead to a decrease in the attractiveness of Bitcoin at this price level. To sustain the current uptrend, an influx of new liquidity is crucial. The market is expected to gain momentum as the inauguration of US President-elect Donald Trump approaches. This event could potentially trigger increased interest and trading activity in the cryptocurrency space.

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