Bitcoin prints a “god candle” to all-time highs in what traders say is a good start to an “interesting week.”
Bitcoin (BTC) hit flash volatility on Jan. 10 at the start of the European trading session to hit an all-time high of $109,356 on Bitstamp.
BTC price has climbed from its lows below $100,000 on Jan. 19, rising as much as 9.6% to trade above $109,000 for the first time ever.
Data from Cointelegraph Markets Pro and TradingView shows BTC trading at around $108,000, up 3.3% over 24 hours.
A “power of 3” pattern popped up on Bitcoin’s chart, suggesting that prices above $100,000 will occur before President-elect Trump takes office.
Bitcoin (BTC) price is up 11.50% from its Jan. 13 lows at $88,900, forming a bullish engulfing pattern on the daily chart. The crypto asset also established a position above equal highs (EQs) between $95,350 and $96,150, which previously acted as a resistance range.
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView
After the recent swing low, favorable CPI data on Jan. 15 has pushed BTC to the brink of another $100,000 re-test. However, one particular setup implied that BTC could reclaim a higher position than $103,000 before President-elect Trump’s official appointment on Jan. 20.
On Jan. 15, bitcoin ascended to an intraday peak of $99,442 on Wednesday morning, following the release of the latest U.S. inflation data, which revealed a slowdown in core inflation. Easing Core Inflation, Explosive Bitcoin Rally: $224M Liquidated in 24 Hours At 9 a.m. Eastern Time, bitcoin was trading at $98,805 per coin, having momentarily […]
Despite experiencing sharp fluctuations in December, Bitcoin volatility remains fairly tame by historical standards.
Bitcoin’s (BTC) price experienced sharp fluctuations in December after failing to hold above $100,000, but according to ARK Invest, the cryptocurrency’s movements weren’t out of the ordinary.
ARK Invest’s “The Bitcoin Monthly” report for December compared BTC’s monthly and yearly realized volatility — a measure of how sharply an asset’s price fluctuates over a specific period. Although Bitcoin concluded Q4 with a spike in volatility, it “was not significant in historical context,” the report said.
In an accompanying chart, ARK showed that Bitcoin’s monthly volatility in December was relatively low compared to its yearly volatility.
Bitcoin futures markets may still be overheated, and a hotter-than-expected CPI could trigger further drawdowns, Steno said.
Bitcoin (BTC) holders should brace for more selloffs as rising US prices create an increasingly unfavorable macroeconomic backdrop for risky assets, Steno Research said in a Jan. 13 report.
Since mid-December, Bitcoin’s spot price has declined roughly 10%, dropping from all-time highs of around $106,000 to around $96,000 as of Jan. 14. Steno said this trend may continue, with BTC dropping to as low as $85,000 per coin.
The cryptocurrency’s sell-off largely reflects “ongoing repricing driven by an unfavorable macroeconomic environment, with inflation once again taking center stage,” Steno said.
Intesa Sanpaolo has become Italy’s first bank to make a Bitcoin investment after buying more than $1 million worth of BTC during a period of growing institutional interest.
Italy’s largest bank, Intesa Sanpaolo, became the first Italian bank to make a Bitcoin investment, purchasing 11 BTC for about 1 million euros ($1.02 million) on Jan. 13.
The investment comes just over a month after Bitcoin (BTC) surpassed the $100,000 mark in December.
The news emerged from a leaked internal email by Niccolò Bardoscia, head of digital assets trading at Intesa Sanpaolo. In the email, Bardoscia wrote, “As of today 13/01/2025, Intesa Sanpaolo owns 11 Bitcoins. Thanks to everyone for the teamwork, this result would not have been possible without each of you.”
Fundstrat’s Tom Lee says those who buy Bitcoin around $90,000 now won’t “lose money” over the long term.
Despite a warning from analysts that Bitcoin could fall under $70,000, the asset’s current $90,000 price tag remains a “good entry point” for long-term investors, according to Fundstrat Capital’s chief investment officer.
“I don’t think anyone is going to lose money buying here at $90,000. If they’re trying to time this, maybe they get lucky, and it goes to $70,000,” Tom Lee said in a Jan. 13 interview with CNBC, adding Bitcoin (BTC) will be “one of the best-performing assets of the year.”
At the time of the interview, Bitcoin was trading at $91,662. Lee said that while Bitcoin may be down 15% from its all-time high, this is a “pretty normal correction” for a “hyper-volatile asset.”
Lee said his firm sees one scenario where Bitcoin falls back to the $70,000 zone before rallying, though another scenario could see Bitcoin fall as low as the $50,000 range.
The Wall Street adage of “buy the rumor, sell the news” didn’t apply to the launch of US spot Bitcoin ETFs last year, and it won’t apply to President Trump’s inauguration next week.
2025 is shaping up to be another banner year for Bitcoin (BTC) and the broader cryptocurrency market, with the inauguration of President-elect Donald Trump set to drive markets even higher, according to Pantera Capital’s latest blockchain letter.
Pantera’s “The Year Ahead in Crypto” sought to dispel fears that the United States presidential election was a “buy the rumor, sell the news” event for Bitcoin.
In traditional markets, this adage refers to a common investment strategy of buying an asset when there are positive rumors and selling it when the news is later confirmed. The idea is that the asset’s price will rise in anticipation of the news and then decline once it’s confirmed.
Global crypto hedge funds have also been buying the dip, signaling a potential Bitcoin “supply shock” as BTC exchange reserves sink to levels last seen in 2018.
MicroStrategy’s Bitcoin holdings surpassed a milestone after the company bought the dip with a $243 million investment.
MicroStrategy’s holdings now exceed 450,000 Bitcoin (BTC), acquired for a total of $28.2 billion at an average price of $62,691.
MicroStrategy Bitcoin holdings, court filing, Jan. 13. Source: US Securities and Exchange Commission
On Jan. 12, 2025, bitcoin’s price has been drifting within the $95,000 range, while market participants on prediction platforms such as Kalshi and Polymarket are placing their bets on its future trajectory. Currently, a Polymarket wager suggests a 12% likelihood that bitcoin could climb to $120,000 by the close of the month. Kalshi and Polymarket […]