Bitcoin’s value decreased by 5,000 USD in a single day, now trading at 95,425 USD. This drop is attributed to macroeconomic concerns impacting overall market sentiment. Increased selling pressure, primarily from Binance, has played a significant role in this price decline, indicating potential for further volatility in the near term.

Resistance is set at 95,000 USD, close to the trading price. Analysts foresee further market movements, likely dipping towards 88,000 USD due to macroeconomic influences. The upcoming inauguration of President-Elect Donald Trump adds to market anticipation, expecting volatility that could influence Bitcoin prices downward in the next few weeks.

Despite the current situation, some analysts are optimistic about a possible rebound by the week’s end. Others, like CryptoQuant CEO, note solid demand supporting Bitcoin’s longevity. Market observers suggest observing short-term resistance levels and investor behavior, emphasizing careful scrutiny amid predicted market shifts.