The environment in the cryptocurrency market was already better. Most investors probably imagined the New Year's rally differently. After all, everyone has heard that the cryptocurrency market has a great future under Donald Trump. Now Trump is about to take office and the price is in free fall. Does this mean that the 2025 rally is canceled and the end of the bull run has already been reached, or can things start looking up for bitcoin soon?
Below the $90,000 mark
The price of bitcoin has been moving sideways in a wide range for months. The $90,000 mark forms the lower end of this sideways range, while the upward mark usually ends at $102,000. There was one exception with the breakout to the all-time high of $108,000. Now, the world's largest cryptocurrency is moving towards the lower end of this range again.
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(bitcoin price evolution – source: Commercial view)
Today it even briefly fell below the $90,000 mark. But this only confirmed once again that the support at this point is extremely strong, as the price rose back to $93,000 a few minutes later. Many investors took advantage of the opportunity to make cheap purchases. However, the probability that this value will not be reached permanently increases with each new test of the $90,000 mark.
Parallels with 2021
Many analysts use past data to get an idea of future price trends. The price of bitcoin has already risen sharply in 2021 after bitcoin halving the previous year. Today, four years later, it was also halved last year and the price is expected to continue increasing. However, there is currently a fix. It was no different back then either.
<img data-recalc-dims="1" decoding="async" class="alignnone wp-image-675034 size-full" src="https://technicalterrence.com/wp-content/uploads/2025/01/1736802987_418_Bitcoin-Price-Forecast-Buy-or-Sell-Now.png" alt="Monthly bitcoin Profits and Losses ” width=”2136″ height=”1316″ srcset=”https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=2136 2136w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2025/01/Bildschirmfoto-2025-01-13-um-21.14.22.png?w=1140 1140w” sizes=”(max-width: 1000px) 100vw, 1000px” loading=”lazy”/>
(Monthly bitcoin Profits and Losses – Source: bitcoin monthly profitability)
In 2021, the price of bitcoin rose significantly more in the first days of the new year than it did this year. There was also a subsequent correction back then. However, the price of bitcoin rose more than 13% in January 2021. The chances that things will improve again this time, like every year so far, are good.
The next few days are crucial
To break out of the sideways movement of recent months, greater momentum is needed. US inflation data could already provide this. The US producer price index will be released on Tuesday, January 14, and the consumer price index the following day.
If inflation turns out to be lower than expected, the price of bitcoin could rise back to $100,000; In the event of higher inflation, it could also fall below $90,000. Therefore, investors should closely monitor the data release in the coming days. On the other hand, the mood is significantly better for the new Wall Street Pepe ($WEPE).
Find out more about Wall Street Pepe now.
Wall Street Pepe is heading towards $50 million
While things will continue to be exciting for bitcoin in the coming days, the mood for the new Wall Street Pepe couldn't be better. The meme coin is still available for pre-sale and is already heading towards the $50 million mark. The new currency already exceeds all expectations. The last time there was an ICO this successful was Pepe Unchained ($PEPU), which subsequently exploded to over $600 million. Analysts now expect a similar price development for $WEPE.
($WEPE Initial Coin Offering – Quelle: Wall Street Pepe's website)
During the pre-sale, investors have the advantage that the price of $WEPE increases several times. Since the initial price on crypto exchanges is higher than the current pre-sale price, this already results in an initial accounting profit for the first buyers. However, the very high demand during the pre-sale suggests that things could continue to improve significantly afterwards.
Get it now on time and buy $WEPE in the pre-sale.
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