Key Takeaways
- Market sentiment for BTC shifted from bearish to bullish after the price broke out above $96,000 ahead of the price rally.
- Trump’s administrative policies in office could catalyze the price of BTC, following his admiration for Bitcoin.
- Crypto experts and technical analysis indicators such as RSI and MACD turn bullish as BTC prices rally to $150,000.
Bitcoin (BTC) and the cryptocurrency market have been in a series of downtrends for weeks now, following Bitcoin’s price reversal from a high of $102,000 to a region of $88,000. The price bounced from that region with a quick recovery as bulls aimed to push the price higher.
The price of Bitcoin (BTC) dropping to a low of $88,000 on Monday, January 13, 2025, led to many altcoins suffering a significant price dump. With the price of BTC gaining price increase and breaking above $96,000, we could see the market beginning to gain much of a price rally.
Despite the market suffering a price decline, investors and traders have always maintained a positive sentiment. This is a big opportunity to accumulate ahead of a price rally that could become intense after the Inauguration ceremony of US President Donald Trump.
Where could BTC price be headed? And how high will the price go before the end of January 2025 leading up to February, which, based on historical fact, has always produced good price gains for BTC and altcoins?
Bitcoin Market Outlook
Market sentiment for BTC is bullish following its aggressive price rally above $96,000 and news that Trump’s administration is considering a gradual and innovative approach to implementing US trade tariffs that would positively impact the market.
The US PPI data favor the market, and the further cut in the inflation rate by the US Federal Reserve could boost the market in the long run, as traders and investors believe the current crypto bull market could be the biggest ever witnessed.
BTC Price Prediction 2025: Is $150,000 BTC Incoming?
Source – BTC Price Action From TradingView
Bitcoin’s higher price shows it is gaining bullish momentum after suffering a relapse. It declined to around $88,000 before bouncing off to trade above $96,000.
With the price gaining more volume and rallying by over 5%, we can see more interest in purchasing Bitcoin in the coming days. Trump’s Inauguration ceremony could catalyze the BTC price, as the price could attempt to reach a new all-time high.
Technical indicators predictions:
MACD (Moving Average Convergence Divergence) – Bullish
RSI (Relative Strength Index) – Trades above 30
Key BTC Support Zone – $95,500
