Next Monday, January 20th, Donald Trump will once again assume office in the White House. While many view this as positive for the crypto market, there are also rumors of a potential crypto crash on that day itself. This is due to a large number of short-term holders who might panic sell if Bitcoin falls too sharply.
On the contrary, Trump’s inauguration could be a positive factor for the crypto market. As president, he may instigate significant changes in the regulatory environment within the U.S., and possibly even have plans for a Bitcoin reserve. This could lead to both direct and indirect buying pressure, potentially pushing Bitcoin to new heights.
Dreiging voor nieuwe crypto crash
Based on the Short-Term Cost Basis, the level of $88k (light blue) is significant to defend. As of early afternoon, the Bitcoin price remains relatively stable at around $93,900. If it were to drop below $88k, there’s a possibility that short-term holders might sell out of panic. As an analyst, I am keeping a close eye on this critical level.
In this scenario, a domino effect might occur where the course continues to drop as more people panic sell. However, eventually, the course will be stabilized by increasing buying pressure.
On the flip side, a significant cryptocurrency rally could be possible if the Bitcoin price remains above $88k following Trump’s inauguration on January 20th. The rate at which crypto interest will grow from that moment on is still a surprise, but it’s enough to push Bitcoin to a new all-time high of over $108,300.
As a researcher, another scenario I’m considering is the mass investment and trading activity by investors and traders leading up to January 20th. If this occurs, well-known cryptocurrencies may experience price increases before the 20th. However, it’s crucial to remain vigilant for a potential ‘sell-the-news’ event that could cause a crypto crash on or following January 20th.
Gaat Bitcoin dalen naar $88k in crypto crash?
Currently, it’s extremely unlikely that the Bitcoin price will drop below $88k by January 20th, given its surge above $90k in November 2024. The well-known cryptocurrency has not fallen beneath this level since then. The strong support around $90k makes a short-term drop under $88k quite difficult.
As a researcher, I’m observing that Bitcoin is currently encountering strong resistance levels, one being around $97,300, formed by its 30-day moving average (yellow). Another noticeable resistance can be seen near $102,000. This resistance triggered a significant drop in price last Monday of the previous week.
As an analyst, I find it unlikely for a sharp drop in the Relative Strength Index (RSI) of 45, as this indicates a neutral momentum with a slight bearish undertone towards Bitcoin. In other words, Bitcoin is not considered overvalued at this moment. Unless the market sentiment turns bearish, it seems that cryptocurrencies may rise instead.
As a crypto investor, I recognize the potential for the market to respond very positively to Trump’s inauguration, potentially making the coming weeks highly profitable. However, not investing in cryptocurrency during these weeks could also be considered as taking a risk in some sense. Cryptocurrencies are indeed risky, but refraining from crypto investments might not always yield returns either.
It’s possible that Trump may hold a massive rally without a crash, and we might not see today’s levels again for some time.
Welke altcoins gaan stijgen in volgende crypto rally?
In the coming weeks, Bitcoin and major altcoins may attract a lot of attention and potentially surge significantly. However, if we look at smaller altcoins, they could see even more substantial growth once they are picked up by investors.
Here we look at three small cryptocurrencies with the potential to skyrocket in the first quarter of 2025. Smaller altcoins undeniably carry more risk than Bitcoin and established cryptos, but they can experience much larger growth if everything goes well.
Wall Street Pepe ($WEPE)
Wall Street Pepe ($WEPE) is currently one of the most popular crypto presales, having raised $46.5 million since its launch in December. The advantage of $WEPE is that this meme coin could potentially increase in value. Furthermore, $WEPE offers utility for token holders.
Wall Street Pepe ($WEPE) is a well-liked crypto presale that has already raised $46.5 million since it started in December. One good thing about $WEPE is that its value could potentially grow. Additionally, $WEPE provides benefits for token owners.
WePE grants you access to an exclusive community featuring traders at various levels, as well as elite trading insights that everyone within the community can utilize. These trading insights can assist investors in earning more money during a bull run.
The hottest trend this season? Wepe bags.
— Wall Street Pepe (@WEPEToken) January 11, 2025
Today, you can still purchase $WEPE for $0.00036646 per unit, but the price is expected to rise in the coming days. Another advantage is that you can immediately stake your tokens for a current APY of 27%. The high demand for the presale indicates that the meme coin could potentially explode after launch.
Nu naar Wall Street Pepe
Since 2023, Solana has significantly grown and could potentially grow even larger in 2025 than ever before. Solaxy ($SOLX) aims to elevate Solana to a new level by launching the first Solana Layer-2 blockchain. The presale of Solaxy has so far raised over $9.8 million.
SolX can be utilized within the new blockchain network, for instance, to trade coins and potentially earn money through DeFi (Decentralized Finance). The advantage of Solaxy is that you can enjoy Solana’s speed and low costs without the risk of interruptions or failed transactions.
Today, you can still buy $SOLX for $0.001598 per token, but its price is expected to rise tomorrow. Currently, Solaxy offers attractive staking rewards with an APY of 354%, allowing you to claim additional tokens once the presale ends.
Nu naar Solaxy
Soon after collecting $7 million during the presale, Best Wallet is about to launch its native Best Wallet Token ($BEST) on exchanges. This utility token offers benefits for users of the cryptocurrency wallet and has the potential to become highly valuable due to these advantages.
As a user of Best Wallet, I can hold my $BEST tokens for numerous benefits. This includes discounts on transactions within the app, perks from various Best Wallet partners, early access to new presales and launches, as well as higher staking rewards.
Boost Your Staking Rewards with $BEST!
Owning $BEST offers enhanced staking benefits. Get entry to elevated Annual Percentage Yield (APY) rates via Best Wallet’s staking aggregator, maximizing the earning potential of your cryptocurrency assets.
Get started now.
— Best Wallet (@BestWalletHQ) January 10, 2025
Investing in $BEST today is advantageous as it’s currently low-priced at 2 cents per token, and after the presale, its price could significantly increase. By investing now, you secure this fixed price. Additionally, there’s an early staking opportunity offering a high Annual Percentage Yield (APY) of 274%.
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2025-01-12 15:05