Bitcoin’s price has been trading below the $100,000 mark since December 19, but analysts predict a recovery as liquidity returns after the holidays. According to Ryan Lee, chief analyst at Bitget Research, the expected trading range for BTC this week is $94,000 – $105,000.
The upcoming presidential inauguration of Donald Trump on January 20th is seen as a positive event for cryptocurrency regulations in the US and overall economic policy. Analysts predict Bitcoin’s price may exceed $105,000 once liquidity returns.
However, the slump in US spot Bitcoin exchange-traded funds (ETFs) continues to limit Bitcoin’s price action. The Bitcoin ETFs are on a four-day losing streak, recording over $338 million worth of cumulative net outflows on December 24.
A bullish signal is seen in Bitcoin’s funding rate, which is currently at 0.0100% on Binance, indicating a buyer-dominated market. Analyst Rekt Capital notes that technical chart patterns suggest a potential correction may extend, but overall sentiment remains optimistic about Bitcoin’s trajectory for the next year.
According to Matrixport, improved macroeconomic conditions could fuel Bitcoin’s rally to $160,000 in 2025.
Source: https://cointelegraph.com/news/bitcoin-recovery-above-100k-despite-holiday-illiquidity