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

BTC

BTC/USDT

$89,652.47
-0.38%
24h Volume

$15,519,711,872.05

24h H/L

$90,340.00 / $88,515.37

Change: $1,824.63 (2.06%)

Long/Short
73.4%
Long: 73.4%Short: 26.6%
Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$89,973.94

0.46%

Volume (24h): -

Resistance Levels
Resistance 3$97,924.49
Resistance 2$92,960.83
Resistance 1$91,021.48
Price$89,973.94
Support 1$89,126.83
Support 2$86,734.99
Support 3$84,681.20
Pivot (PP):$89,837.79
Trend:Downtrend
RSI (14):45.0
(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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