PANews reported on January 4 that according to Cointelegraph, despite the sluggish momentum, the price of Bitcoin may climb to $105,000 in January. Bitfinex analysts said: "We expect Bitcoin to fluctuate in a range as investors look to allocate funds to a range of different asset classes. We expect the price of Bitcoin to be between $95,000 and $110,000 by the end of January." CryptoQuant analyst Axel Adler believes that in order to achieve a recovery rebound of more than six figures, Bitcoin still needs to accumulate more trading volume because "the market lacks sufficient trading volume for strong impulses. The market is waiting to recover from the holidays."