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

Odaily Odaily News Bitfinex analysts expect Bitcoin to climb to $105,000 in January. Bitfinex analysts said, "We expect Bitcoin to maintain a range-bound market trend 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." On January 20, the inauguration of US President-elect Donald Trump could be an important catalyst for cryptocurrency prices. People's expectations for the new US government include friendlier cryptocurrency regulatory policies and improved US economic policies. However, according to Bitfinex analysts, Trump's inauguration may not immediately trigger a rise in cryptocurrency prices. "We expect the new US government to bring more clarity to cryptocurrency policies, but we do not expect the inauguration itself to be a significant price increase event, but rather to lay the foundation for cryptocurrencies to open up a path with fewer obstacles in the United States." (Cointelegraph)