Is Bitcoin Price Crash To $60K Imminent Before Donald Trump Inauguration?

Quick Summary:

While bulls are trying to defend the crucial support of $95,000, on-chain data and market analysts show that chances of a BTC price crash to $60,000 by Donald Trump’s inauguration on January 19, are much higher.

Bitcoin price continues to be under strong selling pressure after facing rejection at $100K on Christmas.

On the other hand, Fundstrat remains optimistic, projecting that Bitcoin price could reach $250,000 by 2025.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin News 24/7 Cryptocurrency News Donald Trump Bitcoin (BTC) Price Bitcoin $100K

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 06:53:13 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 51 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24687211

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 11 hours ago

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