$BTC

Will Bitcoin surge in January 2025 when Trump takes office? Analysts believe Bitcoin could rise to over $125,000, a new all-time high, in the first quarter, or it could drop to $77,000 - the key factor is whether the elected president Donald Trump will fulfill his promises to the cryptocurrency industry shortly after taking office.

John Glover, Chief Investment Officer of the crypto lending platform Ledn and former Managing Director at Barclays Investment Bank, stated that according to technical analysis tools, specifically the Elliott Wave Theory, Bitcoin is expected to drop to $89,000 before breaking through $125,000 in the first quarter of 2025.