January 8, 2025

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Cryptocurrency News

What’s Preventing Bitcoin from Surpassing the $100,000 Threshold?

Why is Bitcoin Struggling To Break The $100,000 Mark?

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        <span class="published_at">10h05 ▪</span>
        <span class="read_in">3</span>
        <span class="read_in_text">min read ▪ by</span>
        <span class="obfuscated-link hover:text-primary-color wrote_by" data-href="https://www.cointribune.com/en/author/mandriacointribune-com/">Mikaia A.</span>
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    <p>For the past couple of weeks, Bitcoin has been hovering under the $100,000 price point. The culprits? A mix of reduced liquidity following the holidays and a noticeable drop in trade activity. Nevertheless, specialists concur that this barrier is only temporary. Yet, what elements will be the driving force propelling the preeminent digital currency past this significant milestone? We delve into the present forecasts and barriers confronting a market seeking momentum.</p>
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    <h2 id="h-bitcoin-otage-des-volumes-de-trading-en-berne">The Struggle of Bitcoin Against Weakening Trade Volumes</h2>

    <p>The principal hindrance to a bounce back in <a target="_blank" href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" rel="noreferrer noopener">Bitcoin's valuation</a> is the plunging trade volumes. With a mere <strong>$66.7 million changing hands daily as of January 3rd</strong>, the market's activity pales in comparison to its <strong>December 5th high with $743 million traded</strong>—the date BTC first breached <a target="_blank" href="https://www.cointribune.com/en/bitcoin-reaches-100000-a-historic-milestone/" rel="noreferrer noopener">the $100,000 milestone</a>.</p>

    <p>An analyst at CryptoQuant, Axel Adler, encapsulates <a target="_blank" href="https://cointelegraph.com/news/bitcoin-recovery-rally-prediction-january-2025" rel="noreferrer noopener">the current state</a>:</p>

    <p>« <em>To ignite a substantial impulse, what we lack is ample trade volume. Anticipation builds as the market recovers from holiday season downtimes.</em> » </p>

    <p>Nevertheless, the market's overall bullish structure suggests a resurgence is close at hand.</p>

    <p><strong>Key figures at a glance:</strong></p>

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        <li>A <strong>91%</strong> nose-dive in trade volumes since the start of December;</li>
        <li>For January: projections fluctuate between <strong>$95,000 and $110,000</strong> as per Bitfinex;</li>
        <li>Historic trends over the last twelve years showcased that January has only been bearish on five occasions.</li>
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    <p>Should investor enthusiasm reignite, a fresh peak could emerge by month's end.</p>

    <h2 id="h-trading-crypto-trump-etf-et-catalyseurs-de-janvier">Cryptocurrency Trading: Trump, ETF, and the January Catalysts</h2>

    <p>Ironically, the anticipation of Donald Trump's forthcoming term in the Oval Office might provide an unexpected boost to the crypto world. Hopes are high for economic and regulatory policies that could benefit the sector—although Bitfinex cautions that such an event may not immediately fuel BTC's valuation rise.</p>

    <p>Equally significant is the <strong>ascendancy of the Bitcoin ETF</strong>, which has amassed nearly <strong><a target="_blank" href="https://www.cointribune.com/en/bitcoin-etfs-explode-to-110-billion-btc-targets-200000/" rel="noreferrer noopener">$110 billion</a></strong> in managed assets. This surge in institutional involvement could significantly broaden Bitcoin's appeal to conventional investors.</p>

    <p>Looking ahead to 2025, the sentiment remains positive. Predictions for BTC prices go up to <strong>$200,000</strong>, catalyzed by a heightened risk appetite in a transitioning economic landscape.</p>

    <p class="post-conclusion">Bravo Research's report suggesting <a target="_blank" href="https://www.cointribune.com/en/bitcoin-why-a-drop-to-80000-could-change-everything/" rel="noreferrer noopener">a correction to $80,000 is a pivotal move</a>, spotlights an interesting fact: a drop in price could usher a wave of new investors. It is yet to be determined whether this potential unfolds amidst markets that still appear reticent.</p>

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                    <span class="title !text-primary-color font-bold text-2xl mx-2 align-middle wrote_by obfuscated-link" data-href="https://www.cointribune.com/en/author/mandriacointribune-com/">Mikaia A.</span>
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                    <p class="text-gray-500 dark:!text-gray-200 !p-0 text-sm md:text-base wrote_by_description">The blockchain and crypto revolution is upon us! When the day comes that its effects touch the most vulnerable economy of the world, I will proudly say that I contributed to that change.</p>
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    <p>DISCLAIMER</p>
    <p class="italic text-base">The perspectives, ideas, and opinions in this composition are the author's own and should not be construed as investment guidance. Engage in thorough research prior to making any investment choices.</p>
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