Bitcoin (BTC) is set to surge towards 120,000 USD by January 2025, helped by stablecoin reserves that increased to approximately 44.5 billion USD. This recovery follows a minor correction and signals renewed investor interest.
The inauguration of President-elect Donald Trump could boost market sentiment, enhancing Bitcoin’s performance. Analysts note that breaking resistance at 95,000 USD and 96,400 USD will lead to substantial leveraged short liquidations, potentially altering market dynamics.
With stablecoin inflows indicating strong investor demand, Bitcoin’s likelihood of reaching 120,000 USD seems more probable. Analysts predict continued bullish momentum, potentially escalating Bitcoin towards even higher price targets in 2025.