Bitcoin begins the week with fresh all-time highs, reaching $106,533 and sparking optimism for even higher price targets. Analysts are eyeing $140,000 as a short-term target, with some projecting up to $500,000 due to favorable macroeconomic conditions and potential U.S. policy changes under President-elect Donald Trump.
- BTC price surges past $106,000, achieving record highs and prompting speculation of continued upward momentum fueled by strong market activity.
- Analysts predict a base case of $140,000 for Bitcoin by mid-January, citing multiple indicators such as on-chain metrics and market trends.
- The Federal Reserve is expected to cut interest rates by 0.25% this week, creating a supportive environment for crypto and other risk assets.
- Trump’s proposed Bitcoin reserve could further boost demand, with experts speculating a significant government buy-in on his first day in office.
- Bitcoin open interest hits new records at $67.38 billion, signaling increased market participation, while funding rates remain stable, indicating healthy trading conditions.
Bitcoin’s rally is supported by growing optimism around institutional adoption, macroeconomic tailwinds, and potential U.S. government involvement. The crypto market is gearing up for what could be one of its most explosive phases yet.
