For more than ten days, Bitcoin remains below the $100,000 mark. The primary reasons include post-holiday low liquidity and lack of trading volumes. However, experts agree that this barrier is temporary. What factors will help the flagship cryptocurrency overcome this symbolic threshold?
Current Market Situation
One of the major obstacles to the rebound of Bitcoin's price remains the collapse of trading volumes. Reportedly, as of January 3, the trading volume was only $66.7 million, compared to $743 million on December 5. CryptoQuant analyst Axel Adler notes that for a strong impulse, a recovery in trading volumes is needed. The market remains bullish despite current conditions. Key figures: 91% decline in trading volumes since early December; Estimated range for January: between $95,000 and $110,000 according to Bitfinex; In the last 12 years, January has been bearish only five times.
January Market Catalysts
Surprisingly, the upcoming arrival of Donald Trump at the White House has sparked hopes for more favorable economic and regulatory policies, although Bitfinex cautions that this will not serve as an immediate driver for BTC's price. Another major catalyst is the rise of Bitcoin ETFs, which have reached $110 billion in assets under management. Such institutional adoption could enhance Bitcoin's appeal to traditional investors.
Long-term Prospects
Long-term forecasts for 2025 remain optimistic, with price predictions reaching $200,000 amid growing risk appetite and a changing economic environment. Research company Bravo Research also forecasts a correction to $80,000, which could attract new investors.
The Bitcoin market is experiencing temporary difficulties due to declining trading volumes and the overall post-holiday state. However, it is expected that economic and political changes, as well as institutional adoption, will support Bitcoin's price growth and help it surpass the $100,000 mark.
