All Eyes on Bitcoin as Trump Sets to Assume Office

As President-elect Donald Trump’s inauguration approaches, anticipation is mounting within the crypto community.

His pledge to implement crypto-friendly policies and position the US as the global hub for Bitcoin mining has sparked excitement among investors and institutions alike.

Advocates, including Michael Saylor, Tether, and other major players, see Bitcoin's potential designation as a Strategic Reserve Asset as a groundbreaking milestone that solidifies its legitimacy as a store of value.

With such ambitious plans on the horizon, all eyes remain firmly on Bitcoin, the world’s leading cryptocurrency.

Bitcoin Rallied, Hits New All-Time-High

Less than 10 hours ago, Bitcoin briefly dipped below $100,000 before making a remarkable recovery, soaring to a new all-time high (ATH) of over $109,000.

This resurgence has reignited investor interest, pushing Bitcoin further into uncharted territory.

With bullish market sentiment and favourable technical indicators, optimism is growing that BTC could soon surpass its record high and enter a new phase of price discovery.

Will BTC Continue to Break Record & Hit New Highs?

Bitcoin has recently crossed the critical $100,000 threshold, reaching a new ATH and the current surge signals the potential for price discovery.

This milestone has fuelled investor optimism, with many anticipating further gains in the days ahead.

Currently trading at $107,731.95—up 2.75% in the past 24 hours and 14.88% over the past week, according to CoinMarketCap—Bitcoin's performance highlights its dominance in bullish market cycles.

Renowned analyst Daan recently provided technical insights on X (formerly known as Twitter), noting Bitcoin’s successful retest of its previous yearly high, which has now turned into a strong support level.

He emphasized that as long as BTC remains above $102,700, the path to surpassing its ATH remains clear.

$BTC Clean retest of the prior yearly high.

Looks good for a move to the all time high next week as long as that ~$102.7K level is held. pic.twitter.com/sfqcw1OYrm
— Daan Crypto Trades (@DaanCrypto) January 18, 2025
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With President-elect Donald Trump set to take office on Monday, expectations are rising for a pro-crypto administration that could further propel Bitcoin’s momentum.

Many believe regulatory clarity and increased institutional adoption under his leadership could provide a significant boost to BTC and the broader cryptocurrency market.

As Bitcoin hovers above the $100K mark, all eyes are on whether it can sustain its upward trajectory and continue to break new ground.

With bullish sentiment and strong technical indicators aligning, the coming days could mark a pivotal moment for the world’s leading cryptocurrency.