Bitcoin $BTC The new year started off strong, hitting a new record high of $109,590 on the day of Trump’s inauguration on January 20. But the rally was short-lived, as Bitcoin has been on a downward trajectory ever since.

A Bitfinex report indicated that Bitcoin’s price has been trading within a 15% range since mid-November, and that it is expected to see a decisive price move in the coming weeks.

Historical data suggests that trading ranges of 15-20% often end in strong upward or downward movements over a period of 80-90 days.

As macroeconomic factors continue to influence the markets, there could be sharp swings in Bitcoin’s price, opening the way for significant movements that could help determine the future direction of the world’s most popular digital currency.