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

NEAR

NEAR/USDT

$1.984
-10.39%
24h Volume

$1,125,691,909.20

24h H/L

$2.236 / $1.825

Change: $0.4110 (22.52%)

Funding Rate

+0.0037%

Longs pay

Data provided by COINOTAG DATALive data
NEAR
NEAR
Daily

$1.977

0.41%

Volume (24h): -

Resistance Levels
Resistance 3$2.6464
Resistance 2$2.3017
Resistance 1$2.0569
Price$1.977
Support 1$1.969
Support 2$1.69
Support 3$1.4686
Pivot (PP):$1.9797
Trend:Uptrend
RSI (14):46.4
(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.

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Emily Watson

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