Bitcoin remains rangebound as traders brace for potential price swings leading up to the Jan. 20 US presidential inauguration. After a brief surge near $96,000, BTC/USD settled around $93,000, with key levels at $91,000 and $96,600 drawing attention for possible liquidations, according to trader CrypNuevo.
Core inflation data and a strengthening US dollar, now at its highest since the 2022 bear market, pose additional challenges. Despite this, Binance’s buy/sell ratio hints at growing demand for Bitcoin, and exchange inflows have slowed as traders opt to hold in the $90,000 range.
Source: Cointelegraph
