TechFlow news, January 14 — According to Cointelegraph, since first breaking above $90,000 on November 19, 2024, Bitcoin has been consolidating within a range of $91,000 to $108,268. Several analysts believe this consolidation phase is nearing its end.
Analyst Rekt Capital noted that the current four-week correction, with a 15% decline, is close to completion—significantly milder than historical pullbacks of 30–35%. Technically, Bollinger Bands indicate volatility has reached oversold levels. Additionally, there is broad market anticipation that Donald Trump will issue crypto-friendly executive orders following his January 20 inauguration, fueling bullish options trading on Deribit, including call options with strike prices as high as $12,000.
Analyst Trader Tardigrade expects the market may see a strong rebound after completing one final leg of downside correction.
