#BTC上攻11万 series buckle up: "Bitcoin will rise to $105,000
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Despite the recent significant drop, crypto analysts predict that the price of Bitcoin (BTC) will rebound to $105,000.
On December 9 and December 19, the cryptocurrency market experienced major declines. The leading cryptocurrency, Bitcoin, suffered heavy losses during these drops. Positive signals are starting to appear for Bitcoin, which could not maintain above $100,000.
Analysts believe that due to the Christmas holiday, BTC may not extract liquidity, but will continue to rise in the coming days. According to analysts, after the holiday, the price of BTC will rise to $105,000.
The Federal Reserve's interest rate policy and Donald Trump's election as president on January 20 are among the factors shaping expectations.
Bitcoin's post-Christmas scenario
Analysts believe that the price of Bitcoin (BTC) will recover in the coming days.
According to data, the price of Bitcoin has been trading below the psychological threshold of $100,000 since December 19. Bitcoin reached an all-time high of $108,300 on December 17.
Analyst Ryan Lee stated that institutional participants will return after the Christmas holiday, and liquidity will increase. Lee predicts that BTC will see another adjustment after the holiday, and then the price will reach $105,000.