Bitcoin continued its rally on January 2, reaching $95,880 ahead of the first Wall Street open of 2025.
According to Cointelegraph Markets Pro and TradingView data, BTC/USD is up 1.5% on the day and has rebounded from monthly lows.
Trader Daan Crypto Trades said the $95.8K level is acting as resistance and urged investors to watch for range breakouts.
Trader Jelle said he sees similarities in price action to last year and predicts a breakout in the $130,000-$150,000 range.
Entrepreneur Jason Williams described the current price range as an accumulation zone, suggesting that $131.5K+ is inevitable in the first quarter of 2025.
Market sentiment has turned positive with the return of traditional finance investors. Volmex founder Cole Kennelly said he expects increased interest in cryptocurrencies.
The broader crypto market appears poised for a surge in liquidity as investors look to capitalize on Bitcoin’s growing momentum.