According to Deep Tide TechFlow news on January 4, as reported by Cointelegraph, Bitfinex analysts expect Bitcoin to maintain a range-bound fluctuation in January, with a price range between $95,000 and $110,000. Although Trump's inauguration may bring positive news, Bitfinex believes this is more about paving the way for regulation of cryptocurrency in the U.S. rather than a direct catalyst for price increases.
Currently, Bitcoin has retraced more than 10% from the historical high of $108,300 set on December 17, and has been hovering below $100,000 since December 19. CryptoQuant analyst Axel Adler pointed out that the current daily trading volume is only $66.7 million, down 91% from $743 million when it first broke $100,000 on December 5. The market needs to wait for holiday liquidity to return.
