Bitcoin is trading at approximately 96,800 USD, nearing the critical 100,000 USD after twice being rejected. This level, once a support in early December, has now become a resistance as Bitcoin attempts to recover from its recent peak of 108,364 USD on December 17, 2024.

Bitcoin’s potential breakthrough of 100,000 USD coincides with upcoming political events, including the inauguration of Donald Trump. The market anticipates increased volatility during this period. Investors remain optimistic, hoping for a price discovery phase in 2025, potentially steering Bitcoin towards new all-time highs.