Bitcoin (BTC) Price Prediction: What Traders Say as BTC Regains $100,000
Bitcoin (BTC) has regained the $100,000 mark, surging 10% in the past week and reversing recent losses after reaching a low of just below $92,000. The increase follows significant inflows into U.S.-listed spot bitcoin exchange-traded funds (ETFs), which amassed $987 million on Monday. This bullish sentiment among traders is driven by expectations surrounding Donald Trump's upcoming inauguration and potential supportive crypto policies. Analysts believe that a technical correction is nearing completion, with some predicting a further rally towards the $109,000 level if key resistance points are breached. Market volatility is expected to remain low until the U.S. Nonfarm payrolls report, which could influence risk assets, including bitcoin. BTC is currently trading just above $101,600 as traders incrementally return to the market after the holiday season, suggesting a renewed interest in cryptocurrency investments as the year unfolds.
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