ChainCatcher message, CryptoQuant analyst Axel Adler stated that Bitcoin needs to accumulate more trading volume if it wants to rise above $105,000 in January. Adler said, "The market structure remains bullish, with no obvious signs of overheating. We lack sufficient trading volume for a strong push. Therefore, we are waiting for the market to recover from the holiday."
On January 3, Bitcoin's daily trading volume exceeded $66.7 million, down 91% from the $743 million high when it first broke the $100,000 mark on December 5 last year.
Nevertheless, analysts remain optimistic about Bitcoin's trajectory in 2025, predicting a range between $160,000 and $200,000, thanks to expectations of improved U.S. financial policies and a growing risk appetite among investors.
