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Bearish
๐ช Bitcoin aims for $120,000 in January amid record stablecoin reserves on Binance ๐ถ๏ธ
๐ค The price of bitcoin may be gearing up for a rise to $120,000, bolstered by a new all-time high of stablecoin reserves on the cryptocurrency exchange Binance.
Driven by the upcoming inauguration of the elected President of the United States, Donald Trump, on January 20, BTC could reach a peak above $120,000 during January, according to Ryan Lee, chief analyst at Biget Research.
Bitcoin could see a local maximum above $120,000 before a potential correction driven by profit-taking, the analyst told Cointelegraph, adding that the new year could also bring a โJanuary effect,โ characterized by renewed investments and optimism, although profit-taking from gains in 2024 could introduce corrections in the market, balancing bullish sentiment with caution.โ
Do Your Own Research โ๏ธ๐
#BtcNewHolder
$BTC
๐ค The price of bitcoin may be gearing up for a rise to $120,000, bolstered by a new all-time high of stablecoin reserves on the cryptocurrency exchange Binance.
Driven by the upcoming inauguration of the elected President of the United States, Donald Trump, on January 20, BTC could reach a peak above $120,000 during January, according to Ryan Lee, chief analyst at Biget Research.
Bitcoin could see a local maximum above $120,000 before a potential correction driven by profit-taking, the analyst told Cointelegraph, adding that the new year could also bring a โJanuary effect,โ characterized by renewed investments and optimism, although profit-taking from gains in 2024 could introduce corrections in the market, balancing bullish sentiment with caution.โ
Do Your Own Research โ๏ธ๐
#BtcNewHolder
$BTC
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