Bitcoin ($BTC) Crypto Forecast: Up 5.0% Today

What is Bitcoin?

Bitcoin (BTC) is the first and most well-known cryptocurrency, often referred to as digital gold. It has a limited supply of 21 million coins and is decentralized, operating on a peer-to-peer network.

Why is Bitcoin going up?

BTC crypto is up 5.0% on Jan 22, 2025 1:26

• BTC experienced a strong bullish movement, surpassing 106,000 USDT with a 3.56% increase in 24 hours.
• The news of President Trump pardoning Silk Road creator Ross Ulbricht, a prominent figure in the early days of Bitcoin, may have generated positive sentiment towards cryptocurrencies in general, including BTC.
• The significant Bitcoin transfer from Bitwise ETF to an unknown wallet could have sparked speculation and increased trading activity, contributing to the bullish momentum of BTC.
• Despite the controversy surrounding the Ethereum Foundation's repeated ETH sell-offs, the focus on Bitcoin's positive price movement overshadowed any potential negative impact on the overall cryptocurrency market.

BTC Price Chart

BTC Technical Analysis

BTC News

Brains Not Working? Ethereum Foundation Under Fire For Repeated ETH Sell-Offs

Brains Not Working? Ethereum Foundation Under Fire For Repeated ETH Sell-Offs

https://www.newsbtc.com/news/ethereum/brains-not-working-ethereum-foundation-under-fire-for-repeated-eth-sell-offs/

President Trump Pardons Silk Road Creator Ross Ulbricht, Fulfilling Campaign Pledge

President Trump Pardons Silk Road Creator Ross Ulbricht, Fulfilling Campaign Pledge

https://dailyhodl.com/2025/01/21/president-trump-pardons-silk-road-creator-ross-ulbricht-fulfilling-campaign-pledge/

Bitcoin(BTC) Surpasses 106,000 USDT with a 3.56% Increase in 24 Hours

Bitcoin(BTC) Surpasses 106,000 USDT with a 3.56% Increase in 24 Hours

https://www.binance.com/en/square/post/01-22-2025-bitcoin-btc-surpasses-106-000-usdt-with-a-3-56-increase-in-24-hours-19258235930466?utm_source=BinanceNewsRSS

Significant Bitcoin Transfer From Bitwise ETF to Unknown Wallet

Significant Bitcoin Transfer From Bitwise ETF to Unknown Wallet

https://www.binance.com/en/square/post/01-22-2025-significant-bitcoin-transfer-from-bitwise-etf-to-unknown-wallet-19258177652289?utm_source=BinanceNewsRSS

Trump Pardons Former Silk Road Founder and Bitcoin Icon Ross Ulbricht

Trump Pardons Former Silk Road Founder and Bitcoin Icon Ross Ulbricht

https://decrypt.co/302197/trump-pardons-former-silk-road-founder-and-bitcoin-icon-ross-ulbricht

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Solana ($SOL) Crypto Forecast: Up 6.7% Today

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Bitcoin ($BTC) Crypto Forecast: Up 5.0% Today

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Avalanche ($AVAX) Crypto Forecast: Up 5.3% Today

Bitcoin Price History

21.00.2025 - BTC Crypto was down 5.1%

• Bitcoin price dropped after hitting a new record high, possibly due to profit-taking by investors.
• President Trump's silence on crypto during his inauguration speech may have caused uncertainty and led to a sell-off in the market.
• El Salvador's decision to scale down its Bitcoin ambitions after promising the IMF could have contributed to negative sentiment towards BTC.
• The launch of Powerloom's L2 Chain mainnet may have diverted some attention and investment away from Bitcoin, impacting its price negatively.

21.00.2025 - BTC Crypto was down 5.6%

• Bitcoin faced strong resistance at a key level, leading to a bearish trend for the day.
• Concerns about a potential market crash and sell-the-news risks may have contributed to the downward pressure on Bitcoin.
• The positive news about Phantom Wallet's fundraising and valuation did not provide enough momentum to counteract the overall market sentiment towards Bitcoin.
• Despite Bitcoin nearing $110k, the market focus on potential downside risks and new developments in other cryptocurrencies like Raydium may have diverted attention away from Bitcoin's bullish potential.

21.00.2025 - BTC Crypto was down 5.5%

• Bitcoin saw a decrease in value despite approaching the $110k mark, potentially linked to profit-taking following a notable price surge.
• Discussions surrounding the potential prohibition of the Digital Dollar by the crypto sector amid the Trump administration could have infused market uncertainty, resulting in a downward trend for Bitcoin.
• Speculation regarding the potential restrictions on the US CBDC Digital Dollar under the Trump administration may have sparked fears of regulatory hurdles for cryptocurrencies, prompting a sell-off of Bitcoin.

21.00.2025 - BTC Crypto was down 5.0%

• BTC failed to sustain the $109,000 mark after reaching a new all-time high, indicating profit-taking and a potential shift in investor sentiment.
• The news of a significant event may have caused uncertainty in the market, leading to a sell-off in BTC.
• The push for Bitcoin reserve in a particular country could have sparked concerns about regulatory scrutiny and potential impact on BTC's value.
• Altcoins suffering as BTC drops suggests a broader market correction, with investors flocking back to the stability of Bitcoin amidst the uncertainty.

21.00.2025 - BTC Crypto was down 5.2%

• BTC showed bearish movement today, potentially due to profit-taking following recent price increases.
• A bill introduced in Wyoming proposing a strategic Bitcoin reserve may have increased uncertainty among investors, contributing to the downward pressure on BTC.
• Speculation about BTC dropping below $100K again could have prompted more selling and a negative sentiment in the market.
• The absence of cryptocurrency discussions in a recent speech by Trump may have led some investors to choose Bitcoin over other digital assets like Ether, resulting in a shift in market dynamics and a decline in BTC price.

21.00.2025 - BTC Crypto was down 5.2%

• An expected rise in Bitcoin adoption by 2025 could have been overshadowed by concerns of significant resistance levels, leading to profit-taking and a bearish movement.
• The launch of ANIME Mining for Animecoin on OKX Jumpstart might have diverted some attention and investment away from Bitcoin, impacting its price negatively.
• The sharp decline in TRUMP memecoin following the President's lack of mention of Bitcoin and crypto on the first day in office may have created a sentiment of uncertainty in the cryptocurrency market, affecting Bitcoin's price.
• The anticipation of facing significant resistance levels might have prompted investors to sell off their Bitcoin holdings, contributing to the bearish movement.

21.00.2025 - BTC Crypto was down 5.8%

• Bitcoin faced downward momentum post-Trump's inauguration speech omission of mentioning cryptocurrencies, creating a favorable market outlook for Bitcoin compared to Ether.
• The emergence of meme coins linked to Trump's inauguration may have diverted interest and investment from conventional cryptocurrencies like Bitcoin, contributing to the market's downward movement.
• Regulatory uncertainties due to the SEC settlement involving Vanguard could have impacted investor trust in the cryptocurrency sector, influencing the negative trend in Bitcoin.
• MicroStrategy's decline following the lack of cryptocurrency mention in Trump's speech likely added to the prevalent market pessimism, prompting Bitcoin's retreat below $102K.

21.00.2025 - BTC Crypto was down 6.2%

• The SEC settlement with Vanguard over TRF disclosures may have raised concerns about regulatory scrutiny in the crypto market, leading to a sell-off in BTC.
• The crash of Trump meme coins post the US Presidential Inauguration could have created a sense of uncertainty and instability in the cryptocurrency space, impacting BTC negatively.
• The drop in TRUMP price by over 36% could have triggered a broader sell-off in the cryptocurrency market, including BTC, as investors may have shifted their focus away from riskier assets.
• Utah's proposal to invest public funds in crypto, while potentially positive for the overall adoption of digital assets, might have introduced a level of uncertainty regarding regulatory implications, influencing the bearish movement in BTC.

21.00.2025 - BTC Crypto was down 5.5%

• Dubai's leadership in the Web3 revolution with the iconic crypto tower may have positively impacted the overall sentiment in the cryptocurrency market, but it did not seem to have a direct effect on Bitcoin's price movement.
• The suggestion of a potential ban on the US CBDC Digital Dollar during the Trump era could have introduced some uncertainty and fear in the market, leading to a bearish trend for Bitcoin.
• Matrixport's prediction of Bitcoin's short-term growth with strong support might have provided some temporary relief, but it seems like other factors outweighed this positive outlook today.
• Wyoming's introduction of a bill for a strategic Bitcoin reserve could have long-term implications for Bitcoin's adoption and value, but it did not seem to influence today's bearish movement.

22.00.2025 - BTC Crypto was up 5.0%

• BTC experienced a strong bullish movement, surpassing 106,000 USDT with a 3.56% increase in 24 hours.
• The news of President Trump pardoning Silk Road creator Ross Ulbricht, a prominent figure in the early days of Bitcoin, may have generated positive sentiment towards cryptocurrencies in general, including BTC.
• The significant Bitcoin transfer from Bitwise ETF to an unknown wallet could have sparked speculation and increased trading activity, contributing to the bullish momentum of BTC.
• Despite the controversy surrounding the Ethereum Foundation's repeated ETH sell-offs, the focus on Bitcoin's positive price movement overshadowed any potential negative impact on the overall cryptocurrency market.

21.00.2025 - BTC Crypto was down 5.1%

• Trader warnings of potential market peaks and flashing top signals may have caused uncertainty and led to profit-taking, contributing to the bearish movement of BTC.
• The drop in BTC price following an event could have triggered a broader sell-off in altcoins, dragging down the entire cryptocurrency market.
• The surge in XRP whale deposits on a specific exchange might indicate key holders preparing for profit-taking, diverting attention and investment away from BTC.
• The cooling of bullish sentiment post-an event may have prompted investors to reevaluate their positions, resulting in the decline of BTC and other cryptocurrencies.

20.00.2025 - BTC Crypto was down 3.2%

• Speculation about major world liberty plans following a substantial Ether purchase by Trump's son may have fueled selling pressure on Bitcoin.
• MicroStrategy's decision to halt Bitcoin acquisitions after a series of consecutive buys could have raised doubts among investors, prompting a wave of selling.
• Despite initial excitement surrounding pro-crypto Trump, Bitcoin prices dropped notably at the start of his term, potentially driven by profit-taking activities.
• The significant influx of $2.2 billion into digital asset products during Trump's assumption of office did not have a positive impact on Bitcoin, suggesting a shift in investor interest towards other cryptocurrencies.