Deep Tide TechFlow News, on January 4, according to Cointelegraph, Bitfinex analysts expect Bitcoin to maintain a range-bound fluctuation in January, with a price range between $95,000 and $110,000. Although Trump's inauguration may bring positive news, Bitfinex believes this is more about paving the way for cryptocurrency regulation in the U.S. rather than being a direct catalyst for price increases.
Currently, Bitcoin has retraced over 10% from its historical high of $108,300 reached on December 17, and has been hovering below $100,000 since December 19.
CryptoQuant analyst Axel Adler pointed out that the current daily trading volume is only $66.7 million, a 91% decrease from $743 million when it first broke $100,000 on December 5; the market needs to wait for holiday liquidity to recover.