How High Will Bitcoin Rise in January? Will Trump's Inauguration Trigger a Price Surge?

Bitfinex analysts predict that Bitcoin will continue to fluctuate within a narrow range and may rise to $105,000 in January. According to their forecast, the price of Bitcoin will range from $95,000 to $110,000 by the end of the month.

In a recent market report, Bitfinex analysts commented: "We expect Bitcoin to continue the market trend within the range as investors seek to allocate capital into various asset classes. We predict Bitcoin will fluctuate between $95,000 and $110,000 by the end of January."

The inauguration of U.S. President-elect Donald Trump on January 20 is seen as a potential catalyst for cryptocurrency prices. Expectations from the new administration include more favorable cryptocurrency regulations and improved economic policies in the U.S.

However, Bitfinex analysts warn that the inauguration may not trigger a sudden price surge for Bitcoin: "We expect the new U.S. administration to provide more clarity on cryptocurrency policy, but we do not view the inauguration as a significant price event. On the contrary, it may pave the way for cryptocurrencies to face fewer obstacles in the U.S. in the future."