Bitcoin remains steady around the psychological level of USD 90,000. The world’s largest crypto asset seems to lack a clear direction, with the price movement being held back by resistance around the USD 94,000 range since late November. According to Conmarketcap, Bitcoin is currently trading at USD 90,617, showing a slight increase of 0.35% in the past 24 hours. Despite the sideways movement, optimism regarding Bitcoin’s prospects remains high.
Analyst Tom Lee from Fundstrat Global Advisors holds an optimistic view on Bitcoin’s potential for a strong rally towards the end of January. This optimism is driven by improving liquidity, increased institutional participation, and clearer regulations. Lee believes that Bitcoin could potentially reach USD 180,000 in the next 21 days, citing the growing use of Bitcoin ETF products as a key catalyst for mainstream adoption, not just speculative activity.
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