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For over ten days, Bitcoin seems stuck below the $100,000 mark. The reasons? A combination of post-holiday illiquidity and a glaring lack of trading volumes. However, experts agree that this ceiling is only a temporary hurdle. But what factors will finally propel the flagship cryptocurrency beyond this symbolic threshold? Let’s dive into the current forecasts and challenges of a market in search of breath.
Bitcoin, hostage to dwindling trading volumes
One of the major obstacles to the rebound of Bitcoin’s price remains the collapse of trading volumes. Indeed, with just $66.7 million traded daily as of January 3rd, the market is far from its peak of $743 million recorded on December 5th, when BTC first crossed the $100,000 mark.
Axel Adler, an analyst at CryptoQuant, summarizes the situation:
« For a strong impulse, we are lacking sufficient trading volume. We are waiting for the market to recover from the holiday period. »
Yet, the market structure remains bullish, a sign of imminent potential.
Some key figures:
- 91% decline in trading volumes since early December;
- Estimated range for January: between $95,000 and $110,000 according to Bitfinex;
- History: in the last 12 years, January has only been bearish five times.
If investors finally wake up, a new peak could be in sight by the end of the month.
Crypto Trading: Trump, ETF, and January Catalysts
Paradoxically, the imminent arrival of Donald Trump at the White House could inject an unexpected breath into the crypto market. Expectations surround more favorable economic and regulatory policies, even though Bitfinex remains cautious: the inauguration would not act as an immediate engine for BTC’s price.
Another major lever is the rise of Bitcoin ETF, which total nearly $110 billion in assets under management. This institutional adoption could enhance Bitcoin’s appeal to traditional investors.
Finally, the outlook for 2025 remains optimistic, with price predictions reaching up to $200,000, driven by a growing risk appetite in a changing economic environment.
Thus, the report by Bravo Research, which predicts a correction to $80,000 as a “game changer”, raises an intriguing truth: an attractive price would open the door to new investors. It remains to be seen if this scenario will prevail against still hesitant markets.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
