Bitcoin has reached a new high of $105,000 in 2025 amid expectations of cryptocurrency policy from the upcoming US government following Donald Trump's inauguration.
Price Surge and Its Causes
Bitcoin rose to $105,000 today, up 5.2% over the past 24 hours, following a dip below $90,000 earlier this week. The rise was primarily driven by eased investor concerns after the release of the US CPI inflation report and expectations of crypto policy changes with the new administration.
Analysts on Bitcoin’s Future
Alex Thorn of Galaxy stated that the near-term resistance for Bitcoin is now at $108,000. John Glover of Ledn described Bitcoin's technical setup as 'very constructive' as Biden's term comes to an end. Glover predicts that Bitcoin could reach $128,000 in the coming months, referencing wave theory analysis.
Risks and Expectations
The risks involve potential failure of Trump's plans to ease digital asset regulations and create BTC reserves. Glover noted the likelihood of Bitcoin revisiting the $90,000 level is low, stressing the importance of breaking the $108,000 all-time high to sustain the current bullish trend.
Bitcoin continues to show positive trends amid rising expectations of a new US crypto policy. However, risks from potential political and economic changes remain.
