#BTC100KTrumpEffect #BitcoinNews $BTC
Anticipating a '2025 Super Cycle': Bitcoin Surges with Prospective Trump Reforms
Bitcoin (BTC) has soared past the $100,000 mark for the first time in two weeks, buoyed by renewed enthusiasm following the anticipated confirmation of Donald Trump’s election victory by Congress this week.
As per Bloomberg’s data, the leading cryptocurrency surged by over 4% within a 24-hour window, reaching $102,500 on Monday. This rise marked an 11% increase over the week, the largest since November 24.
Bitcoin Rebounds: Crosses $100,000 Milestone
Bitcoin's momentum slowed in late December 2024 as investors sought to lock in profits. However, the prospect of a pro-crypto administration under Trump has reignited interest, driving Bitcoin to a new high of $108,000.
With Congress set to certify Trump’s win, market sentiment remains positive. Khushboo Khullar, a venture partner at Lightning Ventures, which backs Bitcoin-focused enterprises, commented, “A super cycle is anticipated in 2025 due to regulatory reforms from the Trump administration.”
The surge in Bitcoin has also been supported by a significant influx of investment into Bitcoin exchange-traded funds (ETFs). On Friday, U.S. Bitcoin ETFs saw net inflows of $908 million, marking the fifth-largest inflow since their launch in January 2024, following a notable net outflow of $680 million on December 19.
Another encouraging sign for Bitcoin traders is the recovery of the Bitcoin Coinbase Premium, which measures the price difference between Bitcoin on Coinbase and Binance. After hitting its lowest since the collapse of Sam Bankman-Fried’s FTX in 2022, the premium has bounced back, suggesting growing demand for Bitcoin among U.S. investors.
Joe McCann, CEO of Miami-based crypto hedge fund Asymmetric, explained that ETF issuers primarily engage with Coinbase, indicating that ETF demand can influence premium or discount rates.
Key Support Levels in Focus
Looking ahead to 2025, Bloomberg notes that Bitcoin's trajectory will heavily depend on Trump’s commitment to his crypto-related promises, including the establishment of a national Bitcoin reserve.
However, skepticism remains regarding the sustainability of the current rally. A recent MLIV Pulse survey indicated that 39% of respondents considered Bitcoin the most likely to underperform in 2025, the highest percentage among all options.
From a technical perspective, analyst Morecryptoonl highlighted that Bitcoin has developed a clearer five-wave pattern, with a bearish scenario still possible if critical support levels are breached. Currently, wave two needs to hold support, while wave one has concluded but is expected to reach at least $100,800. Key support levels are identified between $93,144 and $96,554, which may be tested after wave one confirms its peak.
In terms of Bitcoin ETFs, Glassnode reports that the buying trend remains strong, driven by seasonal factors. With Inauguration Day approaching, the market analysis firm predicts increased buying activity from traditional finance investors, which could further influence Bitcoin's price trajectory.