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

BTC

BTC/USDT

$68,459.75
-3.48%
24h Volume

$25,688,978,986.00

24h H/L

$71,632.08 / $68,176.47

Change: $3,455.61 (5.07%)

Long/Short
64.8%
Long: 64.8%Short: 35.2%
Funding Rate

-0.0000%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$68,508.28

-3.36%

Volume (24h): -

Resistance Levels
Resistance 3$74,065.47
Resistance 2$71,522.78
Resistance 1$68,972.35
Price$68,508.28
Support 1$68,366.76
Support 2$66,124.73
Support 3$62,969.93
Pivot (PP):$69,368.24
Trend:Downtrend
RSI (14):46.8
(12:19 AM UTC)
1 min read

Contents

572 views
0 comments

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

View all posts

Comments

Comments