## Bitcoin Price Prediction: BTC Could Hit $120K in January According to senior analyst Ryan Ree at Bitget Research, Bitcoin (BTC) could reach $120,000 "within January" due to the upcoming inauguration of US President-elect Donald Trump. This phenomenon is known as the "January effect," characterized by positive sentiment and fresh inflows at the start of a new year. However, profit-taking should also be anticipated. CryptoQuant data reveals that the Binance stablecoin balance has almost reached its all-time high of $45.8 billion, currently standing at $44.5 billion. This has contributed to expectations of a BTC rally in January 2025, though resistance levels at $95,000 and $96,400 might pose obstacles.

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