Bitcoin's recent rally has hit a roadblock, with daily trading volume plummeting by 91% since early December. This sharp decline raises concerns about the sustainability of BTC's climb above $105,000. On December 5th, when BTC first surpassed $100,000, daily trading volume reached $743 million. However, as of January 20th, it has dwindled to a mere $68 million. This significant drop in volume suggests that there may be a lack of buying pressure at these elevated levels. Despite the recent volume decline, Bitfinex remains optimistic about Bitcoin's prospects. The exchange predicts that the inauguration of Donald Trump will have a positive impact on the cryptocurrency, with BTC expected to trade between $95,000 and $110,000 by the end of January. However, it remains to be seen whether this upward trend can be sustained without a significant increase in trading volume. If volume continues to decline, it could be a sign that the current rally is losing momentum.

#BTC