On January 20, 2025, Bitcoin has achieved a historic milestone, breaking through the critical $105,000 resistance level, and soaring to $108,000 earlier this morning. This comes after a slight correction yesterday, January 19, 2025, where Bitcoin briefly fell back to $100,000 following its initial rally to $106,000.

Technical Analysis:

  1. Resistance Breakout:

    • The level of $105,000 acted as a strong resistance zone, having been tested multiple times previously without breaking. However, today’s breakout confirms a bullish continuation.

    • A clear upward momentum is forming, supported by strong buying pressure.

  2. Correction and Support:

    • Yesterday's correction to $100,000 represents a natural pullback and a healthy consolidation after a strong move upward.

    • The key support remains at $93,900, ensuring that the overall trend stays bullish.

  3. Volume and Momentum:

    • The breakout is accompanied by an increase in trading volume, signaling confidence among investors.

  4. Fundamental Analysis:

    1. Trump’s Inauguration Effect:

    • The anticipation of Donald Trump’s presidency and his potential crypto-friendly policies (e.g., tax cuts, regulatory easing) have bolstered investor confidence.

    • The inauguration creates a sense of optimism and drives market sentiment, pushing Bitcoin further into a bullish phase.

    2. Institutional and Retail Interest:

    • The psychological level of $100,000 triggered a wave of new investors entering the market.

    • Institutions and retail investors alike see Bitcoin as a hedge against global economic uncertainty.

Future Outlook:

  • If Bitcoin sustains its position above $105,000, the next key levels to watch are $110,000 and $120,000.

  • Corrections to $100,000 or $93,900 could provide buying opportunities, as the long-term uptrend remains intact.

  • With strong market sentiment and a favorable economic environment, Bitcoin is poised for further growth.

Sources:

  • Binance Market Data

  • Historical Bitcoin Price Charts

  • TradingView Technical Analysis

  • Market Sentiment Reports (2025)

Hashtags:

#bitcoin #TRUMP #BitcoinTo120K #BullRunAhead #cryptouniverseofficial