According to Michaël van de Poppe's latest analysis on January 14, 2025, Bitcoin's price took a significant move as liquidity was absorbed at the $91.5K level, leading to a strong upwards bounce. This move is particularly notable given the upcoming inauguration of Donald Trump and the release of inflation data, both of which are expected to have significant impacts on the financial markets. At exactly 10:00 AM UTC, Bitcoin was trading at $91.5K, which was identified as a liquidity zone. The market reacted strongly with a bounce upwards, leading to a current trading level of approximately $95K by 11:30 AM UTC, as indicated by data from CoinMarketCap. This bounce represents a 3.8% increase within a short time frame, reflecting significant buying interest at these lower levels.

The implications of this market movement are multifaceted. With the upcoming political shift and economic data release, traders are advised to watch for increased volatility. The source suggests potential resistance around the $100K mark, a psychological barrier that traders have long eyed. Historical data shows that similar political events have led to increased speculative activity in the cryptocurrency markets, as observed during the 2016 U.S. elections, which saw a notable 6% increase in Bitcoin prices in the week following the election. Furthermore, the release of inflation data later this week could provide additional momentum. A positive or higher-than-expected inflation rate could lead investors to seek inflation-resistant assets like Bitcoin, potentially pushing prices higher. Thus, the current bounce at $91.5K could mark the beginning of a bullish trend.

Technical indicators corroborate this optimistic outlook. The Relative Strength Index (RSI) on both the daily and 4-hour charts shows signs of recovery from oversold conditions, with the daily RSI moving from 30 to over 45 as of 12:00 PM UTC. Moreover, trading volume has seen a noticeable uptick, with over $5 billion worth of Bitcoin exchanged over the past 24 hours, as reported by Binance's trading desk. This increase in volume is indicative of renewed investor interest and can often signal the start of a new trend direction. Additionally, moving averages are beginning to align for potential crossovers; the 50-day moving average is nearing the 200-day moving average, suggesting a possible golden cross, a bullish indicator. However, traders should remain cautious of potential fakeouts, as market conditions remain sensitive to external political and economic factors. Overall, the current market environment presents both opportunities and risks, and traders should remain vigilant in their analyses and strategies.