Bitcoin price maintained a strong high time frame structure above $100,000 despite increasing conversations about a "market top" observed over the past 24 hours. Bitcoin BTC $106,496 urged to a new all-time high near $110,000 ahead of President Donald Trump’s inauguration speech on Jan. 20. However, the lead cryptocurrency swiftly reversed course after the newly elected US president failed to mention Bitcoin or the broader crypto industry during his address. While the price remained above $100,000, “Bitcoin top” discussions began to surface between analysts and commentators, but the wider market remained split on overall market expectations. Take, for example, independent market analyst Jacob Canfield, who said,
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC #MAGA #TRUMPWIN Is Bitcoin price going to crash again?
Bitcoin price maintained a strong high time frame structure above $100,000 despite increasing conversations about a "market top" observed over the past 24 hours.
Bitcoin
BTC
$106,496
urged to a new all-time high near $110,000 ahead of President Donald Trump’s inauguration speech on Jan. 20. However, the lead cryptocurrency swiftly reversed course after the newly elected US president failed to mention Bitcoin or the broader crypto industry during his address.
While the price remained above $100,000, “Bitcoin top” discussions began to surface between analysts and commentators, but the wider market remained split on overall market expectations. Take, for example, independent market analyst Jacob Canfield, who said,