The post Bitcoin Price Prediction Today 20th January 2025! appeared first on Coinpedia Fintech News With only a few hours remaining of President-elect Donald Trump’s oath-taking ceremony for the second time, the BTC Price has successfully smashed a new all-time high of $109,114 . This highlights an optimistic behavior among investors toward the growing blockchain technology. Reportedly, the Bitcoin price has surged 16.93% in seven days, resulting in it achieving a new all-time high (ATH) today. will the pro-crypto policies of Donald Trump act as a catalyst in Bitcoin price achieving new heights this year? Bitcoin Witnesses Increased BTC ETF Inflow! Between 13th January 2025 and 17th January 2025, BlackRock’s “IBIT” recorded the highest inflow of $745.7 million , followed by Fidelity’s “FBTC” with $680.2 million . Source: SoSoValue However, Grayscale’s “GBTC” recorded the highest outflow of $87.7 million this week. With this, the Bitcoin ETF concluded the week with a total net flow of +$1,862.9 million , making this a positive week for the largest digital ETF. Donald Trump’s Oath-taking Ceremony’s Possible Impact On Crypto Market! The world awaits the oath-taking ceremony of Donald Trump, the President-elect candidate for the second time. However, he gained massive attention over the weekend with his launch of the Trump coin. The TRUMP memecoin experienced a 10x rally, highlighting a strong bullish outlook. With a pro-crypto policy, the blockchain and Web3 industry is projected to transform forever under his leadership. This could push the price of top cryptocurrencies like Bitcoin, Ethereum, Solana, & XRP toward a new high. However, taking into consideration a possible dump, the market could experience a short pullback as traders could ignite a chain of profit-booking amid rising greed in the crypto space. What’s Next For The Price Of Bitcoin This Week? The technical indicator, RSI, shows a sharp rise toward the overbought range. Further, the EMA 50-day constantly supports the Bitcoin price chart. This suggests an increase in the buying pressure for the BTC token in the crypto market. TradingView: BTC/USDT In an optimistic situation, the price of Bitcoin could head toward its target price of $110,000 this week. However, if the crypto market experiences a bearish reversal, the BTC price could hit its important support of $100k . Wondering about the long-term projections of the largest crypto token by market cap? Read CoinPedia’s Bitcoin Price Prediction ! FAQs Why is Bitcoin price up today? With increasing bullish influence in the crypto market, the BTC price hits a new ATH today. How high will Bitcoin price go in 2025? Amid increased bullish action and rising adoption, the largest crypto token by market cap could reach a high of ~ $170,000 this year. Why is crypto market up today? The launch of multiple TRUMP memecoins ahead of Donald Trump’s oath-taking ceremony has resulted in the crypto market experiencing a strong bullish reversal. How much is BTC worth? With a surge of over 100% in its intraday trading volume, the price of Bitcoin is $107,145.31 .
