As a seasoned researcher with over a decade of experience in the financial markets, I have witnessed numerous bull and bear cycles, and I must say that the current state of Bitcoin (BTC) is quite intriguing. The recent correction from its all-time high has been a reminder of the volatility inherent in this nascent asset class.
I’ve seen it all – from the 2017 bull run to the subsequent bear market, and now, I find myself at the precipice of what could be another exciting chapter in Bitcoin’s story. The optimistic price trajectory forecasted by analysts at Bitfinex and others gives me a sense of anticipation, as it echoes the sentiment I felt during the early stages of previous cycles.
However, as someone who has learned to appreciate the importance of caution amidst excitement, I am mindful of the current market illiquidity that could potentially hinder Bitcoin’s recovery rally above the six-figure mark. The holiday season has indeed taken its toll on trading volume, and it seems we are waiting for the market to recover from this lull.
That being said, I remain optimistic about Bitcoin’s long-term potential, particularly in light of the incoming administration’s promise of more crypto-friendly regulations and improved economic policies in the US. The predictions for a $200,000 price top during 2025 are indeed enticing, but I find myself chuckling at the thought that we still have four years to wait!
In the end, as a researcher, I must remind myself (and others) that past performance is not always indicative of future results. So, while I eagerly await the market’s recovery and the potential for Bitcoin to soar, I will continue to keep my eyes open, my mind sharp, and my sense of humor intact!
Joke: I remember when people used to ask me if Bitcoin was a bubble. Now they wonder if it can reach $200,000 by 2025! Talk about coming full circle!
Bitcoin experts predict a swift rebound, even as there are indications of temporary market thinness during the holidays which may have played a role in last month’s price decline.
presently, Bitcoin (BTC) has dropped more than 10% from its peak of $108,300 reached on December 17. Since then, the original cryptocurrency has been trading below $100,000, as per CryptoMoon Markets Pro’s data.
Even though Bitcoin’s progress seems slow right now, some experts from Bitfinex predict it may reach up to $105,000 by the start of next year.
According to Bitfinex analysts, they anticipate that Bitcoin will move within a specific price range as investors choose to distribute their funds across various types of assets. By the close of January, they predict that the value of Bitcoin could fluctuate between approximately $95,000 and $110,000.
As someone who has been closely following the evolution of the cryptocurrency market for several years now, I firmly believe that Donald Trump’s inauguration as President of the United States could serve as a significant catalyst for crypto prices. My optimism stems from my expectations that his administration will implement more favorable regulations for the industry and enact improved economic policies within the US.
Throughout my experience in the financial sector, I have seen how regulatory clarity can drive investment and innovation. With Trump’s business background and apparent openness to new technologies, I am hopeful that he will create a supportive environment for cryptocurrencies. Additionally, his focus on job creation and economic growth aligns well with the potential benefits of blockchain technology.
In conclusion, I anticipate that the incoming administration’s policies could lead to increased adoption and acceptance of cryptocurrencies, ultimately driving up their prices. It will be exciting to observe the developments in this space over the next four years under President Trump’s leadership.
Nevertheless, Bitfinex experts predict that Trump’s inauguration might not trigger an instant cryptocurrency surge.
“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.”
2025 forecasts for Bitcoin’s peak price align with analyst expectations, driven by the significant expansion of US Bitcoin ETFs, currently managing over $110 billion in assets.
Recovery requires increased trading volume
Despite the optimistic price trajectory, Bitcoin remains bound by the holiday illiquidity.
According to CryptoQuant analyst Axel Adler’s analysis, for Bitcoin to surge beyond the six-figure mark, it requires an increase in trading activity (accumulation of more trading volume).
In simpler terms, Adler stated on Jan 4 that due to insufficient trading activity following a strong urge, we’re currently holding back and are keeping an eye on the market to rebound after the holiday break.
On January 3rd, Bitcoin recorded a daily trading volume of approximately $66.7 million, representing a significant drop of around 91% compared to its peak trading volume of $743 million on December 5th, when it reached the $100,000 milestone for the first time.
Despite some reservations, analysts continue to express a positive outlook for Bitcoin’s path through 2025, with estimates ranging from approximately $160,000 to $200,000. This optimism is fueled by an increasing willingness among investors to take on risk due to anticipation of enhanced US financial policies.
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2025-01-04 15:19