Confirmed Bitcoin payments fell to a yearly low of 623,434 on December 26, 2024. This decline, registered during a holiday period typically associated with reduced liquidity, is a significant marker of decreased investor activity on the Bitcoin network.
Analysts predict Bitcoin could recover above $105,000 after the holidays. Despite the current negative social sentiment, a potential market breakthrough might be on the horizon, with increasing trading activity expected post-Christmas and the upcoming US presidential inauguration.
The expected trading range for Bitcoin this week is anticipated to be between $94,000 to $105,000. This forecast takes into account broader market conditions, holiday liquidity issues, and expected impacts from the pending US presidential transition.
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