$BTC As of January 24, 2025, Bitcoin (BTC) is trading at approximately $102,378.

Recent market movements have been influenced by political developments, notably the inauguration of President Donald Trump, who is anticipated to implement pro-crypto policies. Bitcoin's price surged to an all-time high of $109,300 around the inauguration but has since retracted to its current level.

Analysts suggest that key catalysts for Bitcoin to reach higher valuations include the establishment of a U.S. strategic Bitcoin reserve and the approval of ETFs for cryptocurrencies beyond Bitcoin and Ethereum.

Technical analysis indicates that Bitcoin is currently experiencing a bearish trend, with support near $101,000. A daily close near this level may lead to further declines.

Looking ahead, some forecast predict that #Bitcoin could reach $128,879 by February 21, 2025, representing a potential increase of approximately 26.73%.

Please note that cryptocurrency markets are highly volatile, and predictions are subject to change based on market dynamics and external factors. It's essential to conduct thorough research and consider multiple perspectives before making investment decisions.