Bitcoin Analysts Predict Recovery to $105K Despite Holiday Slump
Bitcoin is struggling to stay above $100,000 due to low market activity during the holidays. However, analysts expect it to recover to $105,000 after Christmas when liquidity returns, driven by macroeconomic trends.
Since reaching a record high of $108,300 on Dec. 17, Bitcoin has fallen by 9.7%, mainly due to holiday-related inactivity, according to Ryan Lee, an analyst at Bitget Research.
The upcoming U.S. presidential inauguration, expected to positively impact cryptocurrency regulations and economic policies, may also boost Bitcoin’s performance.
Challenges remain, such as a decline in Bitcoin ETF investments, with U.S. spot ETFs seeing $338 million in outflows over four days. Despite this, positive funding rates and strong buyer activity suggest optimism for Bitcoin’s future.
Some experts predict Bitcoin could reach $160,000 by 2025, supported by improving economic conditions and market trends.
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