As an analyst, I observed a sudden surge in volatility for Bitcoin (BTC) during the European trading session on January 10, propelling its price to an unprecedented peak of $109,356 on Bitstamp, setting a new all-time high.
As a crypto investor, it’s exhilarating to witness the surge of Bitcoin’s price that started from around $100,000 on January 19th. This digital asset has since climbed an impressive 9.6%, marking a historic high as it trades above $109,000 for the first time ever.
According to data from both CryptoMoon Markets Pro and TradingView, Bitcoin is currently valued roughly at $108,000, marking a 3.3% increase over the past 24 hours.
Bitcoin triggers OI increase with a “god candle”
According to data from both CryptoMoon Markets Pro and TradingView, the BTC/USD exchange rate soared to new all-time highs as it rapidly surged past $7,200 within an hour.
Bitcoin just teleported up from $103k to $108k
Kinda wild
— Stephan Livera (@stephanlivera) January 20, 2025
This happens mere hours before the U.S. President-elect, Donald Trump, is sworn into office once more, marking the start of his second term in the White House.
Over the weekend, the launch of Donald Trump’s memecoin, Official TRUMP ($TRUMP), sparked an exhilarating journey within the crypto sector. In just two days, it managed to reach a market capitalization of up to $20 billion, placing it among the top 15 digital currencies on January 19th.
The news sent ripples through the cryptocurrency market that persisted as Melania Trump introduced her own memecoin. This event led to a decrease in the value of TRUMP and other digital currencies.
pseudonymous analyst Ferozwala noted that Bitcoin has “made a strong resurgence” and is “back to testing record levels again following a tumultuous week, demonstrating its characteristic price fluctuations.
Initially, the rally counteracted a decline in open interest worth more than $3 billion. However, data obtained from CoinGlass indicated a surge of approximately $4.74 billion in open interest as the BTC price bounced back.
As a crypto investor, I’ve noticed an incredible shift in Bitcoin’s price movement that, in turn, triggered substantial liquidations throughout the cryptocurrency market. In just under an hour, over $52 million worth of short Bitcoin positions were forced to close due to this rapid price change.
Bitcoin price could be headed above $130K
Instead of anticipating that Donald Trump’s inauguration would propel Bitcoin to unprecedented peaks, the trader and analyst, Jelle, expresses optimism that we might witness a surge towards “approximately $130,000.
In a January 20th post, the analyst stated that Bitcoin had burst through the descending triangle, briefly returned to test it, and then shot up to reach unprecedented new record highs.
Jelle mentioned a triangle shape in the market that had been developing since mid-November. On January 17th, the price surpassed the upper boundary of this triangle, indicating the commencement of an upward trend that could be considered bullish.
“Target of this move is somewhere in the mid $ 130k.”
To put it simply, for the analyst Daan Crypto Trades, Bitcoin reaching new peak prices following the quick closure of a “minor CME gap” it previously opened signifies a promising beginning to what could be an intriguing week ahead.
Today, Bitcoin started off with a minor CME gap but quickly erased it and surged to fresh record highs right away, signaling a strong start to the week that promises to be quite intriguing.
— Daan Crypto Trades (@DaanCrypto) January 20, 2025
Read More
- GBP EUR PREDICTION
- SEI PREDICTION. SEI cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- CNY RUB PREDICTION
- HOOK PREDICTION. HOOK cryptocurrency
- CTXC PREDICTION. CTXC cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
2025-01-20 11:50