Analyst predicts BTC will trade in $85K-$95K range by year-end

Bitcoin is expected to trade sideways in a range between $85,000 and $95,000 through the end of the year, according to an analysis by Paul Howard of Wincent, CoinDesk reported. Howard suggested that low liquidity in December could limit any potential rebound for the cryptocurrency. He also noted that in the absence of clear macroeconomic variables, a stagnant Bitcoin could create a favorable environment for altcoins. From a macroeconomic standpoint, Howard identified the Bank of Japan's (BoJ) upcoming interest rate decision as a key event. He explained that if the BoJ holds rates steady, it could restore demand for risk assets, creating a positive trend for Bitcoin, gold, and stocks.