Bitcoin Holds $100K – Will Trump’s Inauguration Spark the Next Move?
Bitcoin has been holding steady above the $100,000 psychological level despite a downside correction from $106,250. Currently consolidating below $103,500 and the 100-hour SMA, BTC seems to be gearing up for its next big move.
The charts tell a story:
🔹 Key resistance at $103,000 and $104,650 could open the door for another push toward $106,250 or even $108,500.
🔹 On the flip side, losing $100,000 support could bring $98,800 or $96,500 into focus.
But here’s where things get interesting—today marks the inauguration of Donald Trump, a moment that could shake up global markets, including crypto. Traders are watching closely for any signals that might impact risk sentiment, regulation, or economic policy under his leadership.
With Bitcoin already testing key levels, any market reaction to Trump's speech could be the catalyst for either a breakout or a breakdown. Will the crypto king thrive or dive in the wake of this event?
What’s your take—are we gearing up for a bullish surge, or is a deeper correction on the horizon? Let’s discuss! 🚀💬
