Bitcoin rallies above $106K but 3 key actions must happen for new all-time highs
Bitcoin kicked off 2025 with a bang, but a fresh set of factors needs time to congeal before BTC price can chase new highs.
Bitcoin (BTC) had a strong start to 2025, gaining 13.5% in the first 30 days. This price movement reflected a complete turnaround in the United States government’s attitude, becoming more favorable for the sector. However, Bitcoin’s price has been capped at $105,000, leading traders to question the reasons behind the apparent stagnation.
S&P 500 futures (left) vs. Bitcoin/USD (right). Source: Tradingview / Cointelegraph
The conditions for a sustained Bitcoin bull run are present, but three factors are preventing a new all-time high. The Trump presidency in the US is increasing opportunities for banks and hedge funds to custody digital assets without affecting their balance sheets.
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Author: Marcel Pechman
