[Analysis] "Bitcoin (BTC), Nearing the End of Consolidation Phase... Potential Rise After Trump's Inauguration"

Bitcoin (BTC) is nearing the end of its 'consolidation phase' within a range and the potential for a rebound is increasing, according to analysis.

On the 14th, cryptocurrency media outlet Cointelegraph reported, "Bitcoin is undergoing adjustments within a broad range of $91,000 to $108,268," but added, "Considering both technical indicators and the upcoming inauguration of Trump, the recent adjustment phase for Bitcoin is nearing its end."

Cryptocurrency analyst Rekt Capital stated, "Historically, after Bitcoin hits a new all-time high, the subsequent price adjustment lasts about 3-4 weeks with a decline of 30-35%," adding, "This current downtrend has lasted 4 weeks. The adjustment is likely in its final stage." The analyst explained that the recent decline in Bitcoin was only 15%, which was less than expected.

Cryptocurrency analyst Tardigrade also noted, "Bitcoin saw a major rebound after the capitulation (mass sell-off) last January," suggesting, "A similar scenario could unfold this time as well."

Cryptocurrency analyst Batman predicted, "The Bollinger Bands have narrowed extremely. The bottom is near."

The media outlet added, "Some investors are expecting Bitcoin prices to rise after Trump's inauguration on the 20th," and noted, "In the options market, contracts with strike prices of $100,000 and $120,000 are actively being traded."

Meanwhile, Bollinger Bands are graphs that analyze price fluctuations within a certain standard deviation range based on the moving average line of stock prices. When the band's width narrows, a sharp price change is imminent.