{"id":621054,"date":"2025-01-24T13:28:11","date_gmt":"2025-01-24T13:28:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=621054"},"modified":"2025-01-24T13:28:11","modified_gmt":"2025-01-24T13:28:11","slug":"bitcoin-price-prediction-btc-climbs-2-after-trump-executive-order-for-us-digital-asset-stockpile-but-investors-rush-to-buy-this-new-ai-agent-crypto","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-climbs-2-after-trump-executive-order-for-us-digital-asset-stockpile-but-investors-rush-to-buy-this-new-ai-agent-crypto","title":{"rendered":"Bitcoin Price Prediction: BTC Climbs 2% After Trump Executive Order For US Digital Asset Stockpile, But Investors Rush To Buy This New AI Agent Crypto"},"content":{"rendered":"

The Bitcoin price climbed 2% in the last 24 hours to trade at $104,443 as of 02:29 a.m. EST on trading volume that surged 57% to $97.2 billion.<\/span><\/p>\n

This comes after US President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the US and to work toward potentially developing a national digital asset stockpile.<\/span><\/p>\n

“The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership,” the <\/span>order<\/span><\/a> states.<\/span><\/p>\n

Bitcoin Price Gearing Up Towards A Breakout<\/h2>\n

The <\/span>BTC price<\/span> on the 4-hour chart showcases<\/a> a period of consolidation following a significant rally in previous weeks. <\/span><\/p>\n

The Bitcoin price has encountered resistance near the $105,592 level and has established a support zone in the $100,000-$101,200 range.<\/span><\/p>\n

Meanwhile, the Bitcoin price action is forming a sideways pattern, which reflects indecision in the market, with buyers and sellers reaching a temporary equilibrium. <\/span><\/p>\n

If a breakout occurs above resistance, it may signal a continuation of the bullish trend, while a breakdown below the support zone could lead to further downside.<\/span><\/p>\n

In addition, the price is trading above the 50-period Simple Moving Average (SMA) on the 4-hour chart at $103,355, suggesting short-term bullish momentum. <\/span><\/p>\n

However, the 200-period SMA at $97,621 remains farther below, reinforcing it as a significant long-term support level, according to data from <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 52.56, indicating neutral momentum. If the RSI trends upward, it could validate a breakout, while a downward move might indicate bearish pressure.<\/span><\/p>\n

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

What’s Next For The BTC Price?<\/h2>\n

If the price of BTC breaks above the $105,500 resistance with a spike in volume, it could target $108,000 or higher, as this would indicate a continuation of the bullish trend.<\/span><\/p>\n

A failure to hold the $100,000 support zone could result in a drop to the 200-period SMA at $97,621, with further downside possible if bearish momentum intensifies.<\/span><\/p>\n

As the BTC price surges, investors are also snapping up a new PEPE 2.0 ICO called <\/span>MIND of Pepe (MIND)<\/span><\/a>, which 99Bitcoins, a popular crypto channel on YouTube with over 722K subscribers, says has the potential to soar 20X after its launch.<\/span><\/p>\n