Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Bitcoin breaks the $100,000 again: How high could it go?
Views 12.2M Contents 2082

Will Trump's policies help bitcoin break through 0.15 million next year?

avatar
TTF自營交易先鋒 joined discussion · Dec 4 16:21
Trump's policies may accelerate Bitcoin's breakthrough to $150,000. Currently, Bitcoin is fluctuating around $95,000, and the overall market has seen a slight increase in these days. Although Bitcoin is currently in a consolidation phase, many people are still bullish on the possibility of it surpassing six-figure prices next year.
These days, some traders are discussing the potential impact of Trump's policies if they bring more crypto-friendly measures, such as some states starting to build Bitcoin reserves. In such a scenario, Bitcoin could have significant upward potential. If such policies materialize, it may even trigger other countries to start hoarding Bitcoin, leading to a surge in demand for Bitcoin.
Of course, Bitcoin currently faces short-term adjustment pressure, especially as its 30-day moving average is close to dropping below the 200-day moving average, indicating a possible retest of the support around $98,000. Overall, the chance for Bitcoin to break $100,000 by the year-end is still significant. From various perspectives, Bitcoin in December still has great upward potential.
The Christmas rally in the US stock market has driven market optimism. In the past few years, the Christmas rally typically boosts the stock market, which also has a positive impact on the crypto market. The strong performance of the US stock market provides a stable external environment for the crypto market.
The historical performance after Bitcoin halving is also noteworthy. Following each halving, Bitcoin in December has shown considerable gains, achieving significant returns in the past few instances, this time is also worth looking forward to.
The Fed may continue to cut interest rates, which will also drive more capital towards risk assets, making bitcoin an important target for attracting funds.
Under Trump's crypto-friendly policies, the market has more expectations for future policies, providing support for the market sentiment in December.
ETF and on-chain capital inflows continue to strengthen, especially the ETFs of bitcoin and ethereum, attracting a large amount of capital inflow, showing that market demand is still strong.
In addition, for traders looking for higher returns, diversifying investment in some emerging small coins is also a good choice. Some new coins have great growth potential, such as Catslap (SLAP) recently listed on Uniswap, which has shown a remarkable performance with an increase of over 5,000% after listing. Additionally, it has a unique 'cat-slapping game' to increase user engagement, which is why it is not just a meme coin.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
11
+0
1
See Original
Report
43K Views
Comment
Sign in to post a comment