- Amid market downturn, experts have started making bearish predictions for BTC.
- Trump’s inauguration could act as a strong catalyst
- An expert said Bitcoin could hit a major target in 2025.
Bitcoin has made a slight rebound, now trading above the $94,000 mark after a drop that rattled the entire cryptocurrency market. At this point, the key question is whether the most recent low will hold. If it does, the $94,000 level could serve as a springboard for further gains.
However, looking back to December 4, Bitcoin had already hit $100,000 and even reached a high of $108,268 on December 17, sparking excitement among investors. This milestone was seen as a major psychological barrier for the cryptocurrency.
Bitcoin, along with other cryptocurrencies, had been on the rise since Donald Trump was re-elected as U.S. president. What’s driving this surge? Trump announced he would nominate Paul Atkins, a former SEC commissioner, to lead the Securities and Exchange Commission (SEC). Atkins has experience in crypto policy and has been involved in organizations like the Token Alliance and the Chamber of Digital Commerce, which work on best practices for digital assets…
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