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Analyst: Bitcoin is expected to remain range-bound and may climb to $105,000 in January
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2025-01-04 21:02 3,829
Golden Finance reported that Bitfinex analysts predict that Bitcoin may climb to $105,000 in January. Bitfinex analysts said that we expect Bitcoin to maintain range-bound market trends as investors seek to deploy capital across a range of different asset classes. We predict that Bitcoin will trade between $95,000 and $110,000 by the end of January. The inauguration of U.S. President-elect Donald Trump on January 20 could become an important catalyst for cryptocurrency prices. Expectations for the new U.S. administration include friendlier cryptocurrency regulatory policies and improved U.S. economic policies. However, Trump’s inauguration may not trigger an immediate price increase for cryptocurrencies, according to Bitfinex analysts.
Keywords: Bitcoin
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