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The Coin Rise 2025-01-23 18:23:36

Bitcoin Set to Shatter Records Per Historical Trends

Despite current market fluctuations, Bitcoin (BTC), the world’s leading digital asset, appears set to repeat its bullish 2017 price performance. BTC looks set to post an all-time high (ATH) for more than 70 days in 2025, just like in 2017. Bitcoin’s Performance Mirrors 2017 Notably, in 2024, Bitcoin ATH performance was not as productive, recording about 23 ATH overall. However, in 2017, the digital asset achieved record peaks on 77 different days. Market experts studying the chart pattern of Bitcoin’s performance see a correlation between this year’s performance and 2017. Besides 2017, the other years when Bitcoin recorded significant peaks were 2013 with 51 ATH and 2011 with 37 ATH. So far this year, Bitcoin’s performance has looked promising, hitting an ATH of $109,114.88 on January 19, 2025. As of this writing, Bitcoin is trading at $101,948.31, a 3.20% decline in the last 24 hours. BTC has fluctuated between a low of $101,257.80 and a high of $105,557.50 within the same time frame. Meanwhile, the trading volume has dropped by 10.15% to $63.15 billion. Are Investors Cautious over President Trump’s Silence? Bitcoin soared in a shocking move on President Donald Trump’s inauguration day to set a historic record of $109,114. Following the peak performance, many market participants had anticipated further climbs to maintain the bullish momentum. However, speculators are reconsidering their options, with President Trump maintaining silence on the anticipated Strategic Bitcoin Reserve. Analysts say this could account for the decline in trading volume. Despite the volatility being experienced by Bitcoin, major institutional players such as MicroStrategy have continued to increase their holdings. Recently, MicroStrategy expanded its holdings by acquiring 11,000 BTC for about $1.1 billion. Analysts Predict Bitcoin to $122,000 Despite Bitcoin’s volatility, the asset has found support at $100,000 . Amid this volatility, analysts have focused on Bitcoin’s 10-day simple moving average (SMA). Nonetheless, Bitcoin’s price momentum has attracted bullish forecasts as analysts predict the asset could climb by 15% in a renewed rally. The prediction could see BTC soar to $122,000 by February, even though a consolidation might follow this rapid increase. The post Bitcoin Set to Shatter Records Per Historical Trends appeared first on TheCoinrise.com .

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