Bitcoin (BTCUSD) has jumped up and hit our target of $108,250, getting close to the $110,000 level.
The price could keep rising toward $112,000 if the upward trend continues. However, if Bitcoin falls below $104,900, it might drop further and test key support levels around $98,930.
Donald Trump will start his second term on January 20,and I think crypto prices will go even higher! Bitcoin has already hit a new high of $109K, going up 7% in one hour. Trump’s support for crypto and his plans for the U.S. could help prices grow more.
🔹 What’s Coming:
• Trump takes oath at 12 PM ET 🕛
• New leaders who support crypto will take important jobs.
AVAX is now at $36.04, down -8.65% in the last 24 hours. After reaching $146.18 in 2021, the price has dropped since then. The Fear & Greed Index is at 76 (Extreme Greed), which could mean a price drop is coming.
🔸Bearish Trend: Price may keep going down for now.
🔸High Inflation: 11.99% yearly inflation could hurt the price.
🔸Support Levels: Look for price to possibly drop to $30 or lower.
After Trump’s win, there’s talk that his administration might support US-based cryptos like XRP, Solana, and Cardano. XRP recently surged to $3.40, up 460% since November.
Some experts think XRP could reach $5, or even $10-$20, if it gets more global use. But it will face competition from Bitcoin, Cardano, and Trump’s new meme coin, "Official Trump."
Bitcoin’s price is rising after strong support at $90K. It’s now getting close to its all-time high of $108K. If it breaks this level, the price could surge even higher.
Key Points:
🔸$90K support is holding strong and boosting confidence.
🔸$108K is a big resistance level.
🔸Breaking $108K could lead to a sharp price increase.
🔸Recent buyers at $90K show strong market optimism.
Keep watching as Bitcoin moves closer to this critical level! $BTC #BTCNextATH?
Asset managers like VanEck and ProShares are pushing for crypto ETFs focused on Litecoin, XRP, Solana, and more as we approach President-elect Trump's inauguration.
Highlights:
1. Solana ETF might launch by 2025
2. ProShares files for leveraged and inverse ETFs on XRP and Solana
3. Litecoin ETF could be next for approval
4. New filings include ETFs targeting top digital assets and companies in the space