Bitcoin Price Prediction: BTC Targets $100K ATH Before Donald Trump Inauguration Day As Experts Say This PolitiFi Crypto Might 100x
The Bitcoin price rose a fraction of a percent in the last 24 hours to trade at $74,618 as of 03:09 a.m. EST on trading volume that dropped 8% to $82.8 billion. Copper.co , a digital asset custodian, says that a Bitcoin price of $100k is ”quite possible by the time the 47th U.S. President heads to the Capitol for inauguration day on January 20.” Bitcoin Price Could Surge The Bitcoin price has been moving within an ascending channel (white lines), suggesting a bullish trend. Recently, it has reached the upper boundary of this channel and is testing resistance around $74,618, according to data from GeckoTerminal . The price of Bitcoin now trades well above the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the continued uptrend since September. Moreover, the Relative Strength Index (RSI) is at 67.27, close to the overbought level of 70. This shows strong momentum, but it’s nearing a level where it could face resistance or even a minor correctio...