Ali Askar, chief developer at OTS Capital, expects Bitcoin to range between $80,000 (within a fair range) and $120,000 (in the event of a pricing error) in January and February of next year, in the event of major market movements.

Askar believes that Bitcoin pricing above $105,000 is a pricing error in the foreseeable future, and that the hypothesis of rising above this number to $110,000 is very weak, noting that the level of strong support for the currency at the present time ranges between $60,000 and $70,000.

Source: Al Arabiya Business