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

BTC

BTC/USDT

$69,106.62
+5.74%
24h Volume

$21,280,120,173.00

24h H/L

$69,482.97 / $65,215.06

Change: $4,267.91 (6.54%)

Long/Short
65.0%
Long: 65.0%Short: 35.0%
Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$69,106.61

4.28%

Volume (24h): -

Resistance Levels
Resistance 3$83,750.00
Resistance 2$76,020.63
Resistance 1$70,507.91
Price$69,106.61
Support 1$66,747.82
Support 2$62,909.86
Support 3$47,080.00
Pivot (PP):$68,154.01
Trend:Downtrend
RSI (14):35.9
(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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