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COINTURK NEWS > Bitcoin (BTC) > Bitcoin Surges as Trump Takes Office: Will the Momentum Continue?
Bitcoin (BTC)

Bitcoin Surges as Trump Takes Office: Will the Momentum Continue?

In Brief

  • Bitcoin price surged as Trump officially takes office.

  • Experts predict continued positive momentum for altcoins.

  • Investors are optimistic about upcoming ETF data and market trends.

İlayda Peker
İlayda Peker 2 years ago
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On January 20, Trump officially takes office, and we feel the impact on the Bitcoin $77,129 price chart. BTC surged above $105,000. We had shared several warnings this week about the anticipated rise, and our predictions have materialized. If this movement does not turn into a sell-off, we can expect similar activity on Sunday.

Contents
Weekend Bitcoin PredictionsInsights from Bitcoin Experts

Weekend Bitcoin Predictions

Today, we will likely see that US ETF data has been extremely favorable for cryptocurrencies. As investor risk appetite recovers, BTC finds itself at exciting levels again. The negativity that has persisted since mid-December appears to have dissipated for now. If this is solely due to Trump’s inauguration, he will be in office for four years.

Due to the excitement surrounding the transition of power on Sunday, we may witness a rise extending into Monday. Depending on the strength of the ETF data, altcoin investors might take advantage of final buying opportunities this weekend. Many cryptocurrencies have yet to reach last year’s peaks.

Insights from Bitcoin Experts

The news flow remains supportive, and we do not anticipate any major macroeconomic events next week. The most exciting development for cryptocurrency investors will be the swift installment of Trump’s administration, which is expected to take necessary actions focused on crypto. Michael Poppe suggests that this optimism will reflect on altcoins, predicting that STX Coin will directly benefit from the BTC surge and reach $2.

Kyle is pleased with the Coinbase Premium Index’s return to positive territory. With the rise in BTC prices, interest from US-based investors has exceeded global demand, confirming Trump’s excitement has gained national traction. It would be fantastic if we can observe this in the ETF data hours later.

Moreover, the US stock markets are performing well. The increase is strong, and buyers are seizing last-minute opportunities before the week ends. Kyle argues that the Coinbase data signals a new opportunity.

Roman Trading is known for its cautious evaluations and claims that the next target for BTC is $113,000. The analyst believes we will witness a new rally between $113,000 and $140,000, suggesting that a period where long-term investments yield returns has now begun.

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İlayda Peker 17 January, 2025 - 10:05 pm 17 January, 2025 - 10:05 pm
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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