The post Is the Rally in Bitcoin in the Last Hours Sustainable? Analysts Evaluated the Latest Situation appeared on BitcoinEthereumNews.com.

Bitcoin surpassed the $100,000 mark for the first time in 2025, reaching $102,000 before a slight pullback, according to CoinGecko data. The surge follows a wave of optimism stemming from President-elect Donald Trump’s strategic Bitcoin reserve proposal that has captivated trader sentiment following a historic 2024 for the cryptocurrency market. Bitcoin’s price remains below its all-time high of $108,135, reached during the 2024 bull run, with the recent rally marking a significant psychological breakthrough. However, the market is not experiencing an outright bullish trend, according to digital asset research firm 10x Research. “Rather than a sustained rally, Bitcoin appears to be trading in a tactical range that presents opportunities for strategic positioning,” 10x Research said in a note to investors. The firm highlighted mixed trading conditions following the Fed’s December FOMC meeting and the typical holiday market slowdown, which has made the broader crypto environment cautious. Much of the excitement in the Bitcoin market is tied to President-elect Trump’s plan to create a U.S. strategic Bitcoin reserve after he takes office on Jan. 20. The proposal is based on the Bitcoin Act of 2024, introduced by Senator Cynthia Lummis, which calls for the U.S. government to purchase 1 million BTC over the next five years, roughly 5% of the total supply. The plan also includes preserving the government’s existing Bitcoin holdings, which are estimated to be around 210,000 bitcoins worth around $21 billion. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/is-the-rally-in-bitcoin-in-the-last-hours-sustainable-analysts-evaluated-the-latest-situation/

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Filed under: News - @ January 6, 2025 11:25 pm