CoinVoice has learned that, according to Cointelegraph, Bitfinex analysts expect Bitcoin to climb to $105,000 in January.
Bitfinex analysts stated, 'We expect Bitcoin to maintain a range-bound market trend as investors seek to deploy capital across a variety of different asset classes. We predict that by the end of January, Bitcoin will fluctuate between $95,000 and $110,000.'
On January 20, the inauguration of U.S. President-elect Donald Trump may become an important catalyst for cryptocurrency prices. Expectations for the new U.S. government include more friendly cryptocurrency regulatory policies and improved U.S. economic policies.
However, according to Bitfinex analysts, Trump's inauguration may not immediately trigger a rise in cryptocurrency prices. 'We expect the new U.S. government to bring more clarity to cryptocurrency policy, but we do not believe that the inauguration itself will be a significant price increase event; rather, it will lay the groundwork for a less obstructed path for cryptocurrency in the U.S.' [Original link]
