Bitcoin $99,128.5 (BTC) is preparing to push record levels before the inauguration of President Donald Trump, known for his warm approach to cryptocurrencies, on January 20. Bitcoin, which has exceeded 100 thousand dollars with a 3 percent increase in the last 24 hours, has gained strong momentum. Experts think that Bitcoin may break new all-time highs of $108,000.
Expectations Increased in the Cryptocurrency Market
Cryptocurrency research strategist from 21Shares Matt MenaHe said that low inflation expectations and the optimistic atmosphere in the markets will make it easier for Bitcoin to break the resistance at the $ 100,000 level. “Exceeding this level will be an important threshold for Bitcoin both psychologically and technically. “Trump’s growth-supporting policies increase the risk appetite in the markets,” he said.
Trump’s national impact during the election process strategic Bitcoin reserve The promise of creating a product created great excitement in the market. Chief investment officer of Two Prime Nathan Cox“If Trump announces his reserve plan, the price of Bitcoin may quickly exceed previous peaks and make an extraordinary rise,” he evaluated.
High Volatility Expectation
cryptocurrency marketHigh volatility is expected to continue. from Wincent Paul HowardHe stated that the Trump administration’s regulations and strategic reserve statements regarding cryptocurrencies have not yet been fully priced. “High volatility is inevitable this week,” Howard said. “We can see movements of up to 10 percent in major cryptocurrencies such as BTC, ETH, SOL and XRP,” he said.
While the Trump administration’s new statements regarding the markets are eagerly awaited, record levels in Bitcoin and other cryptocurrencies are on the agenda again. Analysts agree that this activity in the market will have long-term effects.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
