Bitcoin prices surged on Jan. 2 as investors sought rebound opportunities ahead of the first Wall Street open in 2025. The cryptocurrency gained 1.5% and reached $95,880 on Bitstamp.
After testing monthly lows at the start of the week, Bitcoin showed strength as a long-expected deeper support retest failed to materialize. Analysts believe the “Christmas Range” has become a focal point for liquidity, with traders tracking its movements.
Several market participants echoed similar views, predicting further gains and a potential new all-time high for BTC/USD this quarter. Jason Williams predicted a breakout above $131.5K by Q1 2025, citing historical comparisons to previous price moves.
Cole Kennelly, founder of Volmex, also expressed bullish sentiment, expecting a broader risk-on comeback in the market once end-of-year logistics are settled. “Should be a big next two days,” he wrote.
While investment decisions involve risk, these analyst predictions suggest Bitcoin’s bull market momentum may continue into 2025.
Source: https://cointelegraph.com/news/bitcoin-traders-massive-130k-btc-price-next-trad-fi