#Bitcoin Breaks $105,000#
Hot Topic Overview
Overview
Bitcoin prices have continued to rise in recent days, breaking through $105,000 and registering a daily gain of over 5%. This rally is primarily driven by the upcoming inauguration of Donald Trump, with market expectations that Trump will implement pro-cryptocurrency policies, including the establishment of a national Bitcoin reserve. In addition, receding concerns over the U.S. CPI inflation report have also provided support for Bitcoin's rise. Currently, Bitcoin has broken through last week's local high and has surpassed the downtrend that has been in place for several weeks. The market expects Bitcoin to continue its upward momentum, with a target resistance level of $108,000.
Ace Hot Topic Analysis
Analysis
Bitcoin price surged past $105,000, hitting a new high since 2025, with gains exceeding 5% on the day. The rally is primarily driven by expectations surrounding Donald Trump's impending presidency, with the market broadly believing that he will adopt crypto-friendly policies, including establishing a national Bitcoin reserve. This anticipation has also sparked speculation of a "Trump pump," suggesting that Trump may announce pro-crypto measures upon assuming office, potentially pushing Bitcoin prices even higher. Moreover, the release of the US CPI inflation report eased concerns about further pullbacks, further bolstering Bitcoin's price rise. Currently, Bitcoin price has broken through last week's local high and also defied the downtrend that persisted for several weeks, aiming towards December's all-time high. However, some analysts point out that if Trump fails to follow through with planned easing of digital asset regulations and begin increasing the country's BTC holdings, Bitcoin's price could see a sharp correction.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks $105,000, a new high since 2025, driven by market expectations of a crypto-friendly policy from the US government following Donald Trump's inauguration.
The market expects Trump to issue an executive order elevating digital assets as a 'national priority' and forming an advisory council composed of industry members to provide policy advice, and even potentially establish a national Bitcoin reserve.
Bitcoin broke through its local high of $102,000 last week and also broke through its downtrend of falling lows for several weeks, targeting December's all-time high.
Bitcoin's rally has also driven up crypto-related stocks such as MicroStrategy, Coinbase and MARA Holdings.