The post Optimism vs. Reality, What’s the True Price? appeared on BitcoinEthereumNews.com.

Bitcoin’s price dropped after Trump’s executive order, failing to drive the expected market reaction. Bitcoin faces resistance at $107,000 with support levels between $101,000 and $103,000. Bitcoin’s future is divided: one view expects massive growth, the other sees a peak. On January 24, Bitcoin (BTC) was trading around $105,000, but dropped below $103,000 as the crypto market failed to react to the U.S. President Donald Trump’s executive order exploring a national digital asset stockpile. Despite hopes that the order would push the market higher, the reaction stayed muted. Bitcoin didn’t retest its highs, and altcoins showed mixed results, leaving the community questioning the order’s true impact. Adding to the uncertainty was the lack of focus on Bitcoin in the executive order, which added to the confusion. Still, the first week after the inauguration was eventful, with promises to make America – the World Capital of Crypto. Analyst Predicts Bitcoin’s Path to New All-Time Highs According to analyst Josh from Crypto World, Bitcoin is currently trying to push towards new all-time highs, with the $107,000 mark being a key resistance level.  After a short pause in its bull run, Bitcoin appears to be gearing up for its next big move. Bitcoin is facing resistance between $106,000 and $107,000, an area that has caused rejections in the past. A confirmed breakout above $107,000 would signal a bullish move. Bitcoin’s all-time high sits just above $109,000, and as of now, it’s hovering between $105,000 and $107,000, just a few thousand dollars away from breaking that record. The next major target is $116,000, a level that’s been on the radar since Bitcoin broke above $100,000. If Bitcoin faces another rejection, support levels are at $101,000 to $103,000. There is an important level around $99,000 where buyers have previously stepped in. On the liquidation heatmap,…

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Filed under: News - @ January 25, 2025 9:21 am