Bitcoin unlikely to reproduce last January's surge… "Market sentiment slow to recover"

\nBitcoin is unlikely to show the surge it recorded in January this year again in early next year, according to a forecast.\nAccording to Cointelegraph on the 5th (KST), Ophelia Snyder, co-founder of 21Shares, said, "The factors causing the current volatility are unlikely to be resolved in the short term," and "whether the January surge next year will be reproduced will depend largely on overall market sentiment."\nSnyder explained that although there is a characteristic of new funds flowing into spot Bitcoin exchange-traded funds (ETFs) every January, it is difficult to expect a similar trend because recent positive market sentiment has diminished. Bitcoin rose to 109,000 dollars on January 9 this year, a day before President Donald Trump's inauguration, but is currently trading around 92,000 dollars. \nIn particular, the largest-ever market liquidation on October 10 reduced liquidity, which has continued to weigh on the market. Snyder said this correction is "not an inherent problem of crypto assets but the effect of a broad risk-off environment," and assessed that "it is positive in the medium to long term." \nHe also forecasted, "Government-level adoption, ETF market growth, and store-of-value demand beyond gold could act as upward factors in the future." However, he cited strong gold prices and risk-off sentiment across financial markets as variables that could limit Bitcoin's rise.\b\nThere are opposing views. Tom Lee, chairman of Bitmine, said, "Bitcoin will reach a new all-time high before January 2026."