CoinVoice recently learned that, according to Cointelegraph, Bitfinex analysts expect Bitcoin to rise 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 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 President-elect Donald Trump may serve as an important catalyst for cryptocurrency prices. Expectations for the new U.S. government include more friendly cryptocurrency regulatory policies and improved economic policies in the U.S.
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-increasing event; rather, it will lay the groundwork for a less obstructive path for cryptocurrencies in the U.S." [Original link]
