Bitcoin Price Projection: Will It Reach $100,000 by Trump’s 2025 Inauguration?

BTC

BTC/USDT

$67,570.00
-0.77%
24h Volume

$17,272,160,469.17

24h H/L

$68,476.22 / $66,621.06

Change: $1,855.16 (2.78%)

Long/Short
70.5%
Long: 70.5%Short: 29.5%
Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$67,383.75

-0.18%

Volume (24h): -

Resistance Levels
Resistance 3$78,145.00
Resistance 2$71,215.92
Resistance 1$67,490.42
Price$67,383.75
Support 1$66,656.42
Support 2$62,909.86
Support 3$60,000.00
Pivot (PP):$67,584.00
Trend:Downtrend
RSI (14):34.2
(12:19 AM UTC)
1 min read

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In a recent update from COINOTAG News on November 8th, Fadi Aboualfa, the Head of Research at Copper.co, shared insights with CNBC regarding the potential trajectory of **Bitcoin** in light of political developments. Specifically, he suggested that **Bitcoin prices** could ascend to **$100,000** by January 20, 2025, coinciding with a possible inauguration of Donald Trump. Aboualfa highlighted that during Trump’s previous tenure from 2016 to 2020, the cryptocurrency experienced two significant **bull cycles**, correlating with a depreciating **US dollar**. This time, however, the economic landscape differs, as the dollar appears to be gaining strength. Nevertheless, the establishment of a **Bitcoin spot ETF**, which currently controls around 1.1 million bitcoins, may sustain a positive momentum for the **cryptocurrency market** in the near future, emphasizing the ongoing evolution and adoption of digital assets.

EW

Emily Watson

COINOTAG author

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