{"id":2488,"date":"2025-01-21T06:00:25","date_gmt":"2025-01-21T06:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/analyst-says-bitcoin-is-entering-second-price-discovery-uptrend-whats-ahead-for-btc\/"},"modified":"2025-01-21T06:00:25","modified_gmt":"2025-01-21T06:00:25","slug":"analyst-says-bitcoin-is-entering-second-price-discovery-uptrend-whats-ahead-for-btc","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/analyst-says-bitcoin-is-entering-second-price-discovery-uptrend-whats-ahead-for-btc\/","title":{"rendered":"Analyst Says Bitcoin Is Entering Second \u2018Price Discovery Uptrend\u2019, What\u2019s Ahead For BTC?"},"content":{"rendered":"

As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000.<\/p>\n

Bitcoin Hits New ATH On Inauguration Day<\/h2>\n

Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump\u2019s latest crypto moves.<\/p>\n

On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community.<\/p>\n

As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA.<\/p>\n

BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump\u2019s inauguration, Bitcoin\u2019s price jumped 8.5% to its new all-time high of $109,588.<\/p>\n

Daan Crypto Trades noted<\/a> BTC\u2019s good start to the week after it \u201copened up with a small CME gap today but closed that straight away and went straight to new all-time highs,\u201d adding that it will be an interesting week.<\/p>\n

Daan also signaled that today would likely be a \u201cvery volatile day in both directions\u201d for the market but advised investors to \u201cfocus on what you expect for Q1 and not the next day.\u201d<\/p>\n

BTC Price To Continue Soaring?<\/h2>\n

Crypto analyst Altcoin Sherpa suggested<\/a> that BTC\u2019s price could see short-term volatility depending on Trump\u2019s comments during his Inauguration speech. \u201cIf a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,\u201d he stated, adding that a lack of mention could start a momentary pullback.<\/p>\n

Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated<\/a>, \u201cHistory suggests this first Price Discovery Correction is now over.\u201d<\/p>\n

According to the analyst, the December retrace was part of BTC\u2019s \u201cpost-halving Parabolic Upside Phase.\u201d Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase.<\/p>\n

After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained<\/a> that \u201cBitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.\u201d<\/p>\n

Analyst Crypto Jelle highlighted<\/a> BTC\u2019s multi-year cup and handle pattern, which \u201clooks like Bitcoin wants to get it over with.\u201d The analyst suggested that the flagship crypto won\u2019t \u201cbe waiting much longer,\u201d adding that the long-term target remains $140,000.<\/p>\n

As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe.<\/p>\n

\"bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days…<\/p>\n","protected":false},"author":1,"featured_media":2489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,32,36,52,1242,250,267,462,1414,979,463,1415,1416,1417],"class_list":["post-2488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market","tag-crypto-trader","tag-donald-trump","tag-melania","tag-strategic-bitcoin-reserve","tag-trump","tag-trump-inauguration-bitcoin","tag-trump-memecoins","tag-us-president"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2488"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2489"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}