#PriceTrendAnalysis **Bitcoin (BTC) Price Trend Analysis**

Bitcoin (BTC) has been showing notable price movements recently. Below is an analysis of its current trend:

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**Recent Trend:**

- **Range Consolidation:** Over the past few weeks, Bitcoin has been consolidating in a range between $94,000 and $100,000. This consolidation phase indicates a pause in the previous volatility, suggesting that the market is evaluating its next significant move. citeturn0news10

**Key Factors Influencing Price:**

- **Economic and Regulatory Policies:** The recent presidential election in the United States has raised expectations about possible changes in economic and regulatory policies related to cryptocurrencies. These expectations have influenced market sentiment and, therefore, the price of Bitcoin. citeturn0news12

- **Inflation and Federal Reserve Decisions:** Persistent inflation has increased the likelihood of the Federal Reserve maintaining current interest rates, which may negatively impact risk assets like Bitcoin. citeturn0news11

**Important Technical Levels:**

- **Key Support:** The $97,000 level has acted as a critical support. A weekly close above this level could signal bullish momentum towards new all-time highs. citeturn0search1

- **Resistance:** The $100,000 zone presents as a significant psychological and technical resistance. Breaking through this level could open the doors to further price increases.

**Conclusion:**

Bitcoin is at a crucial phase, where macroeconomic factors and political decisions play determining roles in its future direction. Investors should closely monitor these developments and the mentioned technical levels to make informed decisions.