Bitcoin's daily volume remains 91 % lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Bitcoin analysts are forecasting an imminent recovery rally despite signs of holiday-driven market illiquidity that contributed to December's price correction.
Bitcoin (BTC V$97132.00) is currently down over 10% from its $108,300 all-time high recorded on Dec. 17. The world's first cryptocurrency has been trading under $100,000 since Dec. 19.
Despite the subdued momentum, Bitcoin could climb as high as $ 105,000 in January,according to analysts at Bitfinex.
"We expect Bitcoin to see range-bound markets as investors look to deploy capital across a range of different asset classes. We see Bitcoin ranging between $95,000 and $110,000 by the end of January," Bitfinex analysts told Cointelegraph United States President-elect Donald Trump's inauguration on Jan. 20 could be a significant catalyst for cryptocurrency prices. Expectations for the incoming administration include more crypto-friendly regulations and improved economic policies in the US.
However, Trump's inauguration may not lead to an immediate crypto rally, according to Bitfinex analysts:
"We expect the new presidency to bring more clarity to crypto policies, however we do not see the inauguration as a significant price appreciation event but rather the pre-cursor to forging a less obstructed pathway for crypto in the US."
The predictions follow analyst calls for a $200,000 Bitcoin price top during 2025 bolstered by the record-breaking growth of the US spot Bitcoin exchange-traded funds (ETFs), which are nearing $110 billion in assets under management.
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