dim 05 Jan 2025 ▪
3
min reading ▪ by
Micaiah A.
For more than ten days, Bitcoin seems mired below the $100,000 threshold. The reasons? A combination of post-holiday illiquidity and a dire lack of trading volumes. However, experts agree that this ceiling is only a temporary step. But what factors will finally propel the flagship crypto beyond this symbolic bar? Let’s dive into the current forecasts and challenges of a market in search of breathing space.
Bitcoin, hostage to flagging trading volumes
One of the major obstacles to the rebound in the price of bitcoin remains the collapse in trading volumes. In fact, with only $66.7 million traded daily as of January 3the market is far from its peak 743 million recorded on December 5the date when BTC crossed $100,000 for the first time.
Axel Adler, analyst at CryptoQuant, sums up the situation:
« For a strong impulse, we lack sufficient trading volume. We are waiting for the market to recover from the holiday season. »
However, the market structure remains bullish, a sign of imminent potential.
Some key figures:
- 91 % decline in volumes since the beginning of December;
- Estimated range for January: between 95 000 $ et 110 000 $ selon Bitfinex ;
- History: Over the last 12 years, January has only been bearish five times.
If investors finally wake up, a new high could be in sight by the end of the month.
Crypto trading: Trump, ETFs and January catalysts
Paradoxically, the imminent arrival of Donald Trump at the White House could breathe unexpected life into the crypto market. Expectations surround more favorable economic and regulatory policies, although Bitfinex remains cautious that the inauguration would not act as an immediate driver for the BTC price.
Another major lever is the rise of ETFs Bitcoinwhich total nearly $110 billion in assets under management. This institutional adoption could strengthen Bitcoin’s appeal among traditional investors.
Finally, the outlook for 2025 remains optimistic, with price forecasts reaching up to 200 000 $driven by increasing risk-taking in a changing economic environment.
Thus, the Bravo Research report, 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 whether this scenario will prevail in the face of still cautious markets.
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Micaiah A.
The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it
DISCLAIMER
The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.
Swiss
