Bitcoin $120K Predictions Surge with Trump’s Inauguration

- Bitcoin rallies as Trump’s pro-crypto policies stir optimism ahead of inauguration.
- $120K BTC call options dominate Deribit, with $1.52B in open interest.
- Analysts predict a Wyckoff accumulation pattern fueling a potential uptrend.
Bitcoin market sentiment has reached a fever pitch as traders anticipate pro-crypto shifts once Donald Trump assumes the presidency on January 20th. Investors are betting on a historic rally that could catapult prices to $120,000 or beyond.
With Bitcoin trading near $101,810, exchanges like Deribit have seen a surge in interest for the $120k BTC call option, now at $1.52 billion. Greg Magadini, director at Amberdata, suggested that bullish momentum may be driven by policy announcements and favorable sentiment surrounding Trump’s crypto stance.
Technical Analysis: Two Potential Sce…
The post Bitcoin $120K Predictions Surge with Trump’s Inauguration appeared first on Coin Edition.
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Bitcoin $120K Predictions Surge with Trump’s Inauguration

- Bitcoin rallies as Trump’s pro-crypto policies stir optimism ahead of inauguration.
- $120K BTC call options dominate Deribit, with $1.52B in open interest.
- Analysts predict a Wyckoff accumulation pattern fueling a potential uptrend.
Bitcoin market sentiment has reached a fever pitch as traders anticipate pro-crypto shifts once Donald Trump assumes the presidency on January 20th. Investors are betting on a historic rally that could catapult prices to $120,000 or beyond.
With Bitcoin trading near $101,810, exchanges like Deribit have seen a surge in interest for the $120k BTC call option, now at $1.52 billion. Greg Magadini, director at Amberdata, suggested that bullish momentum may be driven by policy announcements and favorable sentiment surrounding Trump’s crypto stance.
Technical Analysis: Two Potential Sce…
The post Bitcoin $120K Predictions Surge with Trump’s Inauguration appeared first on Coin Edition.
Read More
