At the same time, Donald Trump will be inaugurated as US President on January 20, which, according to analysts, could affect the regulation of the cryptocurrency industry in the States, Lee recalled.

"Changes in US legislative and economic policy, including potential improvements in cryptocurrency regulation, could play a key role in the further movement of the Bitcoin rate. Legislative changes could both increase institutional investors' interest in cryptocurrencies and create risks for the market if the changes are less favorable," the analyst said.

At the same time, the ongoing trend of growth or decline in investment interest in Bitcoin ETFs, as well as the activities of large investors, will determine short-term movements in the market. This entire set of factors will create uncertainty in the market, and Bitcoin price forecasts remain extremely volatile throughout January.

Given the current uncertainty, the nearest support level for Bitcoin in January seems to be $90-91 thousand, with resistance levels at $96 and $99-100 thousand. $ETH #inauguration