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

Bitfinex analysts expect Bitcoin could climb to $105,000 in January. Bitfinex analysts said, “We expect Bitcoin to remain range-bound as investors seek to deploy capital across a range of different asset classes. We forecast Bitcoin to trade between $95,000 and $110,000 by the end of January .” The inauguration of U.S. President-elect Donald Trump on January 20 could be an important catalyst for cryptocurrency prices. Expectations for the new U.S. administration include friendlier cryptocurrency regulatory policies and improved U.S. economic policies. However, Trump’s inauguration may not trigger an immediate price increase for cryptocurrencies, according to Bitfinex analysts. “We expect the new U.S. administration will bring more clarity to cryptocurrency policy, but we do not expect the inauguration itself to be a significant price increase event, but rather to create a path with fewer barriers for cryptocurrencies in the U.S. laying the foundation for the future.” (Cointelegraph)