Fasten your seat belts: “Bitcoin will recover to $105,000”

Despite the recent major declines, crypto analysts predict that the #Bitcoin ($BTC ) price will return to $105,000.

The crypto market experienced major declines on December 9 and December 19. The leading crypto, BTC, lost a lot of blood during these declines. Positive signals have begun to come for BTC, which could not hold on to $100,000.

Analysts believe that $BTC could not attract liquidity due to the Christmas holiday, but will continue to rise in the coming days. According to analysts, the #BTC price will rise to $105,000 after the holiday.

The Fed's interest rate policy and Donald Trump assuming the presidency on January 20 are among the factors shaping the upward expectations.

Analysts believe that the Bitcoin (BTC) price will recover in the coming days.

According to Cointelegraph Markets Pro data, the BTC price has been trading below the $100,000 psychological threshold since December 19. BTC reached an all-time high of $108,300 on December 17.

Bitget Research chief analyst Ryan Lee stated that institutional players will return after the Christmas holiday and liquidity will increase. Lee predicted that BTC will make another correction after the holiday and then the price will reach $105,000.

The famous analyst used the following statements in his statement to Cointelegraph: “After Christmas, markets typically revive and funds are expected to take active positions in sectors that will be positively affected by Trump’s presidency. The expected trading range for BTC this week is $94,000 to $105,000.”

Despite BTC’s six-figure price estimates, money outflows have begun in spot Bitcoin ETFs traded in the US. According to Farside data, #Bitcoin ETFs recorded net outflows of over $338 million on December 24.

Crypto analyst Rekt Capital stated in an analysis published on December 24 that the price correction in Bitcoin could be prolonged.