CryptoQuant analyst Axel Adler said that Bitcoin still needs to accumulate more trading volume if it wants to rise above $105,000 in January. Adler said: "The market structure remains bullish, and there are no obvious signs of overheating. We lack sufficient trading volume for strong momentum. Therefore, we are waiting for the market to recover from the holidays." On January 3, Bitcoin's daily trading volume exceeded $66.7 million, down 91% from $743 million when it first broke the $100,000 mark on December 5 last year. Despite this, analysts remain optimistic about Bitcoin's performance in 2025, with a forecast range of $160,000 to $200,000, thanks to investors' growing risk appetite due to expectations of improved US financial policies. (Cointelegraph)