Analyst: Bitcoin is expected to remain range-bound and may climb to $105,000 in January

Bitfinex analysts predict Bitcoin may rise to $105,000 in January. Bitfinex analysts said that we expect Bitcoin to maintain a market trend of range oscillation as investors seek to deploy capital across a range of different asset classes. We predict that by the end of January, Bitcoin will fluctuate between $95,000 and $110,000. The inauguration ceremony of the US President-elect Donald Trump on January 20 may become an important catalyst for cryptocurrency prices. Expectations for the new US government include more friendly cryptocurrency regulatory policies and improved US economic policies. However, according to Bitfinex analysts, Trump's inauguration ceremony may not immediately trigger an increase in cryptocurrency prices.