According to Foresight News, Cointelegraph reported that Bitfinex analysts expect Bitcoin to rise to $105,000 in January. Bitfinex analysts stated, 'We expect Bitcoin to maintain a range-bound market trend, as investors seek to deploy capital across a variety of asset classes. We predict that by the end of January, Bitcoin will fluctuate between $95,000 and $110,000.' On January 20, the inauguration of U.S. President-elect Donald Trump may become a significant catalyst for cryptocurrency prices. Expectations for the new U.S. government include friendlier cryptocurrency regulatory policies and improved U.S. economic policies.
However, according to Bitfinex analysts, Trump's inauguration may not immediately trigger a surge in cryptocurrency prices. 'We expect the new U.S. government to bring more clarity to cryptocurrency policy, but we do not believe the inauguration itself will become a significant price surge event; rather, it will lay the groundwork for cryptocurrency to pave a path with fewer obstacles in the U.S.'
