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Bitzo 2025-01-19 11:08:00

Bitcoin Price Analysis: Could Trump's Inauguration Push BTC to New ATH?

Bitcoin (BTC) continued its steady upward trajectory, with the price on the brink of pushing above $105,000 during the ongoing session. The flagship current is up over 2% in the past 24 hours and nearly 12% over the past week. If the markets rally following Donald Trump’s inauguration, BTC could surge past $108,268 to a new all-time high. Robert Kiyosaki reiterates Bullish Stance Robert Kiyosaki, author of Rich Dad Poor Dad, has reiterated his bullish stance for Bitcoin (BTC) , predicting the flagship currency will reach a staggering $250,000 in 2025. Kiyosaki’s bullish prediction indicates confidence in BTC’s potential, with the cryptocurrency trading around $104,500 at the time of writing, after setting a new all-time high in December 2024. According to analysts, BTC’s latest price jump is due to a surge in inflows into spot Bitcoin ETFs and growing expectations of pro-crypto policies under the incoming administration. Kiyosaki shared his broader perspective on the asset in a post on X, stating, “Why I love Bitcoin: As an old guy, you had to be very smart to get rich. Bitcoin makes getting rich easy. All you have to do is buy one satoshi and HODL. The only people who cannot get rich with Bitcoin are stupid. My price prediction for Bitcoin 2025: $175,000 to $350,000.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has recovered over the week and reclaimed $100,000 as markets build momentum leading up to Donald Trump’s inauguration. BTC bulls have prevented a break below $90,000 and are now looking to surge past the asset’s all-time high, with some analysts predicting a peak of $200,000. One analyst believes the cryptocurrency is in its last bullish cycle, coinciding with Trump’s inauguration, and a correction could follow. He also believes BTC will peak at around $125,000 in 2025, after which the flagship currency could expect a steep correction, as seen in previous rallies. While such declines are less likely thanks to BTC’s growing market cap, analysts believe a correction over 50% could be possible. Looking at the price chart, BTC entered the current week on a relatively muted note, registering a marginal decline on Saturday and a marginal increase on Sunday to settle at $94,585. The price collapsed on Monday as BTC dropped below $90,000 to an intraday low of $89,397. However, buyers bought the dip, allowing the price to recover and reclaim $90,000. BTC ultimately settled at $94,492, registering only a marginal decline. Bullish sentiment returned on Tuesday as BTC registered an increase of 2.19% to move past the 20-day SMA and settle at $96,566. Buyers retained control on Wednesday as the price crossed the 50-day SMA and $100,000 to settle at $100,050. Source: TradingView However, it lost momentum on Thursday, dropping to an intraday low of $97,094 before settling at $99,798. BTC bulls were back in action on Friday as BTC rose almost 4% to surge past $100,000 and settle at $103,732, but not before reaching an intraday high of $105,761. After a marginal drop on Saturday, BTC is up almost 1% during the ongoing session, trading around $104,400. The MACD indicates considerable bullish sentiment, and BTC could surge to a new all-time following Donald Trump’s inauguration. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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