Although optimistic expectations for Bitcoin’s price increase continue, holiday illiquidity in the market is enough to hinder the rise for now.
CryptoQuant analyst Axel Adler said that Bitcoin needs to accumulate more trading volume to break above the six-figure level.
Adler made the following statement on the X platform on January 4:
We do not have enough volume to make a strong rally, so we are waiting for the market to come out of the holiday season.
On January 6, Bitcoin’s daily trading volume stood at $35 million, 91% below the $743 million volume recorded on December 5, the day Bitcoin first broke the $100,000 threshold.
Despite this, analysts continue to have positive views on Bitcoin’s performance in 2025. Bitfinex analysts, in particular, recently drew attention by stating that January could take the Bitcoin price to $110,000.
According to CoinGecko data, Bitcoin, which has increased by 1% in the last 24 hours, is being traded at $98,700 at the time of writing.
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