Analyst Reveals When Bitcoin Will Rise Again and His Price Prediction!

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Bitcoinsistemi2024/12/25 20:44

By:Elif Azra Güven

The analyst said he expects Bitcoin to move within a certain range until the beginning of the year.

Bitcoin’s hopes for a New Year’s rally have faded as we approach 2025. At this point, analysts expect BTC to mostly trade below $100,000 due to lack of liquidity during the holiday season.

However, based on macroeconomic trends, analysts predict that the Bitcoin price could rise above $105,000 after Christmas.

Bitget Research chief analyst Ryan Lee said he expects Bitcoin to move within a certain range until the New Year, but argued that the price of Bitcoin could exceed $105,000 as liquidity returns after the Christmas holiday.

Stating that the current downtrend in Bitcoin is a natural result of the lack of liquidity during the holiday period, the analyst explained his expectation for this week:

“After Christmas, liquidity usually returns and market activity picks up again. Funds are expected to actively position in sectors that could benefit from Trump’s upcoming inauguration.

At this point, the cryptocurrency sector is among the sectors that can benefit from Trump's inauguration ceremony, so the Bitcoin price will move after Christmas.

The expected trading range for BTC this week is $94,000 – $105,000. The price is expected to exceed $105,000 after Christmas.”

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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