Bitcoin price prediction today, as of today, Bitcoin (BTC) is experiencing notable market activity, prompting questions about its potential to reach new all-time highs.
According to technical analysis, Bitcoin's outlook today is bullish. Currently trading around $104,050, BTC has recently broken through the critical resistance level of $104,000. This upward movement suggests a continuation of the bullish trend that began following a recent pullback to approximately $89,000, where Bitcoin tested the EMA50 and bounced back.
Bitcoin is now targeting the next major resistance at $105,000. Historically, this level has proven to be a formidable barrier, potentially challenging Bitcoin’s upward momentum. If BTC can overcome this resistance, it may aim for new all-time highs in the range of $110,000 to $115,000, driven by historical patterns and psychological price levels.
On the downside, $100,000, which was a significant resistance level prior to the breakout, now serves as a short-term support level. If Bitcoin dips below this mark, the next support level is around $95,000, where the price consolidated before its recent rally. In the event of a more substantial decline, Bitcoin could test crucial support at $90,000 again.
The bullish sentiment surrounding Bitcoin is reinforced by its current position above key moving averages, traditionally indicating a strong upward trend. Furthermore, the surge in trading volume accompanying the breakout above $100,000 underscores significant buyer interest, further supporting the bullish case for BTC.
Since the beginning of 2025, Bitcoin has been significantly influenced by fundamental news. One of the most notable factors has been the anticipation surrounding President-elect Donald Trump's upcoming inauguration. His administration is expected to adopt a pro-crypto stance, with key appointments such as Paul Atkins and David Sacks, both known for their favorable views on cryptocurrencies.
Proposed executive orders to establish a national Bitcoin reserve and halt debunking practices signal a shift towards greater acceptance and integration of digital assets within the U.S. financial system. This potential regulatory support may enhance Bitcoin's legitimacy and attract more investment.
Institutional interest in Bitcoin has surged, particularly among pension funds. Notably, Michigan and the State of Wisconsin Investment Board have made significant investments in regulated U.S. exchange-traded funds, such as BlackRock’s Bitcoin ETF and Grayscale’s Ethereum ETF. This trend reflects growing confidence in Bitcoin as a legitimate financial asset, fueled partly by expectations of supportive policies from the incoming administration.
In summary, Bitcoin's forecast for today appears bullish, with the potential to reach the aforementioned targets in the short term. It is advisable for investors to keep an eye on the latest news regarding Bitcoin's price, as this information can play a critical role in making informed investment decisions.
Will Bitcoin Go Up Tomorrow?
While it's challenging to make precise predictions, the current bullish sentiment and recent market movements suggest that Bitcoin could continue its upward trajectory in the near term.
Several factors influence Bitcoin's price, including market sentiment, regulatory developments, institutional interest, and broader economic trends. Additionally, technical indicators and support/resistance levels also play a crucial role.
Bitcoin's price continues to be shaped by a dynamic interplay of technical indicators and fundamental news. As the market evolves, staying informed will be essential for making strategic investment choices.
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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