“Buy the rumor, sell the news,” says a rule of trading and investments. That’s probably what’s happening now.
What is the “rumor”? That Donald Trump will assume his second presidential term in the United States on January 20 and will with great measures that will favor the bitcoin (BTC) and cryptocurrency industry.
And that “rumor” (or, rather, promises) is what is driving the price of bitcoin, which – as CriptoNoticias explained yesterday – went into “bull mode”, with 2 weeks left until Trump’s “coronation”.
Taking this into account, it can be thought that bitcoin will be subject to high volatility for about a month from now. This covers the remaining period until Trump’s inauguration and his first weeks in office. Any statements Trump makes, or actions he takes, could positively or negatively impact financial markets, including BTC and cryptocurrencies.
So, certainly, Bitcoin’s sustainability above $100,000 is perceived as doubtful. Bitcoin is balancing on a psychological resistance that, although important (because it is a round number, with many zeros as the market likes) could break at any time.
Bulletin analysts say The Token Dispatch:
«The $100,000 mark is still an important psychological number. “That level will likely be tested and the market will have to trade above that level before the next rally.”
The Token Dispatch, newsletter specialized in cryptocurrencies.
In Polymarket, cryptocurrency betting market, can be seen that bettors consider that there is a not inconsiderable 30% probability that BTC will touch $90,000 in January.
In any case, bullish expectations with figures of 105,000 or 110,000 dollars continue to predominate.
In the long term, bullish expectations continue
Beyond the fact that the coming weeks may be of high volatility, with high chances of BTC falling below $100,000 again, in the medium and long term analysts and traders continue with “laser beam eyes.”
The analysis firm Bernstein, for example, believes that bitcoin will reach $200,000 this year.
Trading specialist Iván Paz Chain assures that $140,000 per bitcoin is his target price during the current bullish cycle.
And, according to Michale Saylor (leader of the MicroStrategy company), BTC will reach $180,000 in 2025, and then fall towards $140,000. When that happens, “people will go crazy,” he says.
For all this, it can be thought that bitcoin in the area of 90,000 or 100,000 dollars is a good entry point in investment (assuming these bullish predictions come true). Strategies like DCA can be used to accumulate bitcoin without worrying about volatility or occasional bearish corrections.
