CoinVoice has recently learned that CryptoQuant analyst Axel Adler stated that Bitcoin needs to accumulate more trading volume in order to rise above $105,000 in January. Adler said, 'The market structure remains bullish, with no obvious signs of overheating. We lack sufficient trading volume for a strong push. Therefore, we are waiting for the market to recover from the holidays.'
On January 3, Bitcoin's daily trading volume exceeded $66.7 million, a decrease of 91% compared to the peak of $743 million when it first broke the $100,000 mark on December 5 of last year.
Nevertheless, analysts remain optimistic about Bitcoin's performance in 2025, predicting a range between $160,000 and $200,000, thanks to expectations of improvements in U.S. financial policy and a continuously increasing risk appetite among investors. [Original link]
