Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Bitcoin analysts are forecasting an imminent recovery rally despite signs of holiday-driven market illiquidity that contributed to December’s price correction.
Bitcoin (BTC) is currently down over 10% from its $108,300 all-time high recorded on Dec. 17. The world’s first cryptocurrency has been trading under $100,000 since Dec. 19, Cointelegraph Markets Pro data shows.
BTC/USD, 1-month chart. Source: Cointelegraph
