{"id":595617,"date":"2024-11-07T09:29:31","date_gmt":"2024-11-07T09:29:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595617"},"modified":"2024-11-07T09:29:31","modified_gmt":"2024-11-07T09:29:31","slug":"bitcoin-price-prediction-btc-targets-100k-ath-before-donald-trump-inauguration-day-as-experts-say-this-politifi-crypto-might-100x","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-targets-100k-ath-before-donald-trump-inauguration-day-as-experts-say-this-politifi-crypto-might-100x","title":{"rendered":"Bitcoin Price Prediction: BTC Targets $100K ATH Before Donald Trump Inauguration Day As Experts Say This PolitiFi Crypto Might 100x"},"content":{"rendered":"

The Bitcoin price rose a fraction of a percent in the last 24 hours <\/span>to trade at $74,618<\/span><\/a> as of 03:09 a.m. EST on trading volume that dropped 8% to $82.8 billion.<\/span><\/p>\n

Copper.co, a digital asset custodian, says that a Bitcoin price of $100k is ”quite possible by the time the 47th U.S. President heads to the Capitol for inauguration day on January 20.”<\/span><\/p>\n

Bitcoin Price Could Surge<\/h2>\n

The Bitcoin price has been moving within an ascending channel (white lines), suggesting a bullish trend. Recently, it has reached the upper boundary of this channel and is testing resistance around $74,618, according to data from GeckoTerminal<\/a>.<\/span><\/p>\n

The price of Bitcoin now trades well above the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the continued uptrend since September.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) is at 67.27, close to the overbought level of 70. This shows strong momentum, but it’s nearing a level where it could face resistance or even a minor correction. However, an RSI in this range during a strong trend may stay elevated for a while without necessarily causing a reversal.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) line (blue) is well above the signal line (orange), with a positive value, indicating bullish momentum. Additionally, both MACD and signal lines are above the zero line, which further supports a positive outlook.<\/span><\/p>\n

\"Bitcoin
Bitcoin Price Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Bitcoin Price Prediction<\/h2>\n

The BTC\/USD chart analysis on the 12-hour timeframe shows that the Bitcoin price is still under a sustained bullish rally within the rising channel pattern, as the bulls aim to sustain the trend. Major indicators show that the asset could still soar, as the bulls target $80,000 in the short term.<\/span><\/p>\n

However, if the bears gain control of the BTC price at this level, the price of Bitcoin could plunge back to the $68,607 support, which is along the lower boundary of the rising channel.<\/span><\/p>\n

Meanwhile, investors seeking opportunities in the PolitiFi space of the crypto market might want to consider <\/span>FreeDum Fighters ($DUM)<\/span><\/a>, which has blasted past $445k in funds raised in its presale.<\/span><\/p>\n

According to 99Bitcoins, a prominent crypto channel with over 706K subscribers, $DUM has the potential to surge 100X after its launch.<\/span><\/p>\n