Btc Trades Near High

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Btc Trades Near High

Bitcoin (Btc) Trades Near $91000, Sets New All-Time High

Bitcoin (BTC) is trading at all times high on Wednesday on hopes that Donald Trump's presidency will be good for crypto markets.

Dogecoin is also soaring higher and is also at record highs. This came after news that Elon Musk will be leading a department focused on Government Efficiency.

Bitcoin (Btc) Eyes The $100k

But, the highlight of the day is Bitcoin (BTC) which is now near $91000. However, it seems that crypto investors are getting ahead of themselves as we still don't know any finer details about Trump's plans for crypto. As of now, Bitcoin (BTC) is trading near $90250 with 5% gains for the day.

Earlier, Trump talked about making the USA the global crypto capital and even discussed the idea of a national-based BTC reserve.

If this happens, it will inject a lot of credibility into Bitcoin (BTC) and will send it to record highs. If that actually happens, Bitcoin (BTC) could easily cross the $100K level.

Meanwhile, retail investors are also buying Bitcoin (BTC) via ETFs. This has also led to an increase in the Bitcoin (BTC)'s market cap.

According to expert, the path towards $100K will be a difficult one as both sides will give their best. However, given the recent conditions, it seems highly likely that Bitcoin (BTC) will at least attempt to test the $100K mark.

There's no doubt that Bitcoin (BTC) is in uncharted waters, and we don't really have any relevant resistance levels on the way up.

But common sense says that the next resistance levels for Bitcoin (BTC) will be $95K, $98K, $99K, and finally $100K. There's a good chance that we might even see some major profit-taking once the Bitcoin (BTC) hits the $100K mark.

Right now, the market cap of Bitcoin (BTC) is around $1.8 trillion which is a record in itself.

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