TechFlow news, January 4 — According to Cointelegraph, Bitfinex analysts expect Bitcoin to trade sideways in January within a range of $95,000 to $110,000. While Trump's inauguration may bring positive sentiment, Bitfinex believes this would primarily pave the regulatory path for U.S. cryptocurrency rather than serve as a direct catalyst for price increases.
Bitcoin has corrected over 10% from its all-time high of $108,300 set on December 17 and has been trading below $100,000 since December 19. CryptoQuant analyst Axel Adler noted that current daily trading volume stands at just $66.7 million, down 91% from the $743 million recorded on December 5 when Bitcoin first broke $100,000. The market is now awaiting a return of holiday liquidity.
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