Bitcoin Unlikely to Repeat January’s Breakout Rally

Explore our platform for exclusive crypto trading strategies and receive expert assistance with your cryptocurrency trades. Visit https://telegram.me/freebitmexsignals.

Bitcoin’s downturn has barely anything to do with “anything crypto specific,” but it’s unlikely to surge early next year, says 21Shares co-founder Ophelia Snyder.

Current market conditions will make it difficult for Bitcoin to replicate its early 2025 price gains going into 2026, says 21Shares co-founder Ophelia Snyder.

“It’s unlikely that the factors driving the current volatility will fully resolve in the short term,” Snyder told Cointelegraph.

“A repeat performance next January will depend heavily on broader market sentiment.”

Snyder explained that January often sees “renewed inflows” into Bitcoin exchange-traded funds as investors rebalance and reposition portfolios at the start of the year.

Downtrend isn’t “anything crypto specific”
Snyder said it is unclear how Bitcoin will perform in January, given the current low level of positive market sentiment.

Bitcoin reached a then-peak of $109,000 on Jan. 9, just one day before Donald Trump was set to be inaugurated, as traders bet his proposed plans for the crypto sector would spark a rally.


Big profits rolling in from our group!

Our Telegram signals consistently lead to significant profits. In 2023, we proudly stand as the top Crypto Signals service on Telegram, featuring an advanced Trade Copier for Bitmex, Bybit, and Binance futures using the Cornix Bot.

Our Trade Copier, powered by advanced AI and built-in strategies, consistently generates profits, minimizing the need for human intervention and ensuring substantial gains.

Comments

Popular posts from this blog

How to Use Grok for Real-Time Crypto Signals

Grayscale's Spot Bitcoin ETF Fees Set for Reduction, CEO States

Bitcoin Options Worth $2B Expire Today What Traders Can Expect