Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
Bitcoin (BTC) has started the new year on a mildly positive note, indicating that the bulls and the bears are playing it safe as they are unsure of the next directional move. However, market volatility is likely to increase in the next few days as market participants return to work from holidays.
Biget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could peak above $120,000 before witnessing profit-booking.
While several analysts are bullish on Bitcoin, the same cannot be said about Ether (ETH). 10x Research’s head of research, Markus Thielen, said in a market report that Ether could struggle “to deliver meaningful rallies” in 2025. Thielen believes that Ether will underperform Bitcoin again in 2025.
