Bitcoin (BTC) is facing several headwinds that could hinder its movement above $90,000 to $110,000, as the price consolidation continues in this range. The tightening of liquidity in USD, particularly with the U.S. Treasury General Account's cash balance increasing significantly, poses a risk to market stability. This tightening may lead to higher borrowing costs and a decrease in risk appetite. Additionally, the Trump administration's cautious approach toward establishing a strategic Bitcoin reserve has raised concerns among investors, particularly after recent comments suggested a lengthy evaluation rather than swift action. Finally, technical analysis reveals a bearish divergence in the 14-week relative strength index (RSI), indicating a potential slowdown in bullish momentum that mirrors the topping pattern seen in 2021. If these challenges persist, BTC may struggle to sustain its bullish trajectory in the near future.

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