#$BTC Breaks Historical High

#$BTC突破历史新高 BTC price analysis today: Reasons for the price pump
Estimated Inauguration of Trump
January 20 is the inauguration of Trump, the market expects the new government may issue policies or announcements that are beneficial for cryptocurrencies, such as increasing cryptocurrencies as a national priority, which will drive the BTC price pump. Previously, there was an analysis showing that after Trump takes office, the speculation trend of BTC transactions may continue to further drive the price pump.
Estimated Incoming Cash Flow:
CryptoQuant states that the price of BTC has the potential to surpass $200,000 in 2025, and a potential fund flow of $520 billion is one of the key factors driving the price pump. In addition, FTX will settle claims in January, which may also result in capital inflows and drive the rise of the BTC market and a wider range of cryptocurrencies.
Market sentiment and confidence:
Despite previous fluctuations in BTC price, the overall market sentiment remains optimistic. Many investors and analysts are optimistic about the long-term prospects of BTC, believing that its price has the potential to keep rising. This optimistic sentiment also drives the demand for buying BTC, and in turn, pushes up the price.
Technical Analysis
Short-term trend: Looking at the daily level, BTC after consolidating for some time, recently pumped again and successfully broke through the important resistance level of $100,000, setting a new record. Currently, BTC's short-term moving average system shows a bullish formation, and the MACD indicator is also in a golden cross condition, indicating strong pumping momentum.
Long-term Trend: Looking at the monthly chart level, BTC's long-term pump trend remains good. Although there may be corrections and consolidations during the pump process, the overall trend remains upward. The monthly bullish flag pattern still applies, and BTC has the potential to continue moving along the long-term uptrend channel.
Risk Factors
Federal Reserve Policy: The Federal Reserve's decision remains the 'primary risk' faced by Bitcoin, and this could hinder further price increases. Although the market currently expects Federal Reserve interest rate cuts to continue, specific policy adjustments and interest rate changes still have uncertainty, which may affect the price of Bitcoin.
Market Correction Risk: As the price of BTC continues to rise, the market has accumulated a large amount of profits, which may lead some investors to take profits, triggering a market correction. In addition, if the market faces sudden negative news or poor macroeconomic data, this can also trigger panic selling by investors, causing a significant drop in the price of BTC.
Market Outlook
Short-term goal: In the short term, BTC has the potential to continue to increase (pump) and challenge higher price levels. Some analysts believe that BTC in the short term may reach the target of $120,000 or even higher [^11^]. However, due to the large market fluctuations, investors should be cautious in their operations and pay attention to risk control.
Long-term goal: In the long run, some institutions are optimistic about the price of BTC. CryptoQuant estimates that BTC could soar above $200,000 by 2025[^12^]; analysts from Standard Chartered estimate the price to reach $200,000[^13^]; while the Head of Research at Global Fundstrat, Tom Lee, estimates that BTC could reach $250,000 next year.#GateioInto11