#Bitcoin breaks $105,000#
Hot Topic Overview
Overview
Bitcoin surged past $105,000, hitting a new high since 2025 and gaining over 5% in a single day. The market widely believes that the incoming US administration is crypto-friendly and could implement measures to boost Bitcoin's growth, such as establishing a national Bitcoin reserve, igniting optimistic sentiment for the future. Additionally, fading investor concerns over the US CPI inflation report further fueled Bitcoin's ascent. Nonetheless, some analysts suggest a potential pullback to the recent low of $90,000, but the likelihood of this scenario is diminishing.
Ace Hot Topic Analysis
Analysis
Bitcoin price surged past $105,000, hitting a new high since 2025, gaining more than 5% on the day. The breakout is mainly attributed to the anticipation of Donald Trump’s impending presidency, with the market widely expecting Trump to adopt pro-crypto policies, including establishing a national Bitcoin reserve. Additionally, the release of the US CPI inflation report alleviated market concerns about a pullback. Analysts believe Bitcoin’s short-term resistance level is at $108,000, with potential to reach $128,000 in the coming months. However, if Trump fails to deliver on his promises, Bitcoin price could drop back to $90,000.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin breaks through $105,000, setting a new high since 2025, driven by market expectations of a crypto-friendly policy from the US government following Donald Trump's inauguration.
The market anticipates that Trump will issue an executive order elevating digital assets to "national priority" status and creating an advisory council composed of industry members to provide policy recommendations.
The market speculates that Trump could establish a national Bitcoin reserve, which would be a major shift in US cryptocurrency policy.
Bitcoin has surpassed its local high of $102,000 last week and also broken through the downward trend of the past few weeks, aiming for the December all-time high.