Bitcoin Price Set to Rebound Above $105,000 After Christmas Liquidity Resumes, Says Bitget Analyst

On December 25th, Bitget Research’s Chief Analyst Ryan Lee provided insights into the cryptocurrency market, highlighting a potential upward movement for Bitcoin following the holiday period. According to Lee, the current bearish trend is largely attributable to seasonal illiquidity that typically accompanies the festive season. As market participants return post-Christmas, trading activity is expected to increase significantly, with capital inflow likely to drive Bitcoin’s price back above $105,000. Notably, the anticipated range for Bitcoin trading this week is projected to fluctuate between $94,000 and $105,000. Analysts suggest that the crypto market could see rejuvenated interest, bolstered in part by renewed investor confidence, potentially influenced by political developments surrounding Donald Trump and his supporters in the cryptocurrency space.