$BTC

Bitcoin broke through the psychological $100,000 mark for the first time on December 5, but failed to maintain its upward momentum. Prices have been falling below $100,000 since December 19, after hitting a new ATH of $108,353 on December 17.

Bitget Research chief analyst Ryan Lee said the downtrend is a common phenomenon during the holiday season when market liquidity is low. He predicted that after Christmas, liquidity will return, pushing Bitcoin above $105,000. The expected trading range for this week is $94,000 to $105,000. Lee also said: “The market is usually more active after the holidays, as funds reposition capital into sectors that benefit from Trump’s inauguration.”