Bitcoin, reaching a new high of approximately $76,990 on Bitstamp after Donald Trump's recent victory in the U.S. presidential election, has entered a price discovery zone. As market momentum shifts, analysts forecast an ambitious price target of $100,000 for BTC, potentially before Trump's inauguration in January.
Analysts predict Bitcoin will soar after Trump's election victory
After Trump's victory in the presidential election, Bitcoin has demonstrated strong price growth, with investors and analysts increasingly optimistic about the favorable regulatory environment under his administration. According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin is well-positioned to surpass the $100,000 mark.
Lee believes this outlook is driven by significant open interest in Bitcoin futures and stablecoin liquidity inflow, both of which support increased market volatility and rising BTC prices.
Lee explains: "The market capitalization of stablecoins is reaching about $160 billion, creating significant leverage in Bitcoin's price volatility," adding that this inflow could push Bitcoin to $100,000 within three months.
Support predictions from market research
A recent report from Copper.co, a digital asset custody unit, aligns with this bullish outlook. Copper.co's research indicates that Bitcoin's positive price trajectory could continue into the new year, potentially reaching the $100,000 mark.
Fadi Aboualfa, Head of Research at Copper.co, cited factors such as increasing market optimism and the possibility of favorable cryptocurrency policies under the new administration.
"Bitcoin reaching $100,000 is a possibility as we approach inauguration day," Aboualfa said. He referenced the accumulating spot Bitcoin of ETFs, which currently hold about 1.1 million BTC—a significant amount that could further impact Bitcoin's price trajectory.
Insights from Copper.co also highlight backtested trends during Bitcoin accumulation based on ETFs, aligning with the projected target of $100,000.
Market indicators signal potential parabolic moves
Technical analyst Gert van Lagen believes that Bitcoin's recent breakout from a descending wedge pattern indicates a potential parabolic move, putting BTC on a path towards $200,000 in the long term. His chart analysis shows that Bitcoin is completing an accumulation phase, with the current price discovery phase likely to establish a new price range above $90,000 to $100,000. Van Lagen predicts more significant increases, potentially reaching $200,000 by mid-2025.
Macroeconomic conditions and policy outlook
As Bitcoin's price continues to rise, analysts are closely monitoring macroeconomic trends. Lee predicts that inflation in the United States could stabilize above 3.5% in the medium to long term, a condition that could add upward pressure on Bitcoin as investors seek inflation-resistant assets. Expectations surrounding Trump’s policies are also expected to provide clearer management direction for the cryptocurrency industry, which could facilitate innovation and boost confidence in digital assets.
