🔥 Business Insider reports: Bitcoin (BTC) could reach a new all-time high in just a few weeks! The research firm K33 predicts that the peak of the current cryptocurrency cycle could occur on January 17, 2024 – just three days before Donald Trump's inauguration on January 20.
💡 Why mid-January?
K33 notes that on average, 318 days pass between the first and last peak of the cryptocurrency cycle. The first peak was recorded on March 5, which logically points to a January date.
But the coincidence with Trump's inauguration is not just an interesting fact. His new administration is already positioning itself as pro-cryptocurrency, promising to make Washington more friendly to digital assets. Among the proposals is even the idea of a national Bitcoin reserve, which is heating up the market.
🚀 The path to $100,000 and beyond?
Such expectations are already pushing Bitcoin to a new level. The end of 2023 has become a true rally for BTC, and for the first time in history, its price has surpassed the six-figure mark.
💬 What do analysts say?
Vetle Lunde, head of research at K33, warns:
"Many market participants have inflated expectations regarding the speed of changes in policy, and the impact of these factors may be overestimated until the inauguration. We assume that the current rally will peak in mid-January."
⚡ Market reaction:
Trump supporters and crypto enthusiasts eagerly await how policy changes will affect BTC. But skeptics warn: too many hopes could lead to unexpected corrections.
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What do you think? Will Bitcoin reach a new high or is this another trap for investors? Share your thoughts in the comments!
