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

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
(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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