As of January 21, 2025, Bitcoin (BTC) is trading at $101,819.
Recently, Bitcoin reached an all-time high of $109,300 but retracted to $102,800 following President Donald Trump's inauguration, during which he did not mention Bitcoin.
Analysts suggest that Bitcoin's price could surpass $120,000 by early 2025, driven by optimism surrounding President Trump's pro-crypto policies.
However, bearish candlestick patterns have emerged, signaling caution for investors. Key support levels are identified at $92,000, $87,000, and $74,000, with resistance levels at $106,000 and $120,000.
Given these factors, Bitcoin's price is expected to fluctuate between $92,000 and $120,000 over the next week. Investors should monitor these support and resistance levels closely to navigate potential volatility.