Bitcoin (BTC) Price Climbs Past $100K, Bulls Eye Higher Targets as Donald Trump's Inauguration Nears

Bitcoin (BTC), Shiba Inu (SHIB), and Hedera (HBAR) have shown notable price movements as market sentiments shift under continually evolving macroeconomic and political dynamics.

Bitcoin (BTC) price reached $102,700 on Friday, its highest level in 2025, as market sentiment shifted amid anticipation of Donald Trump’s inauguration and expectations of crypto-friendly policies.

BTC/USD 1-day price chart. Source: TradingView

The world’s largest cryptocurrency gained over 4% in less than 24 hours, rebounding from intraday lows around $99,000, according to Coinbase data. The price increase coincided with anticipation of Trump’s imminent inauguration, with market analysts tying the rally to expectations of crypto-friendly policies.

Greg Magadini, director of derivatives at Amberdata, highlighted investors’ optimism regarding upcoming regulatory clarity and potential tax incentives under the new administration.

Bitcoin Coinbase premium signals market demand. Source: CryptoQuant

Moreover, CryptoQuant’s Coinbase Premium Index showed renewed demand from U.S. investors, with positive premiums emerging after weeks of subdued activity.

On the technical side, BTC formed a symmetrical triangle pattern, suggesting a potential breakout. Resistance stood near $108,000, Bitcoin’s all-time high from Dec. 2024, while immediate support lay at $93,000. A decisive move past resistance could set the stage for a stronger bullish rally in the coming weeks.

Shiba Inu’s (SHIB) price remained steady at $0.00002413 after rising over 15% in the past week, as anticipation of the upcoming U.S. administration change fueled broader market enthusiasm.

However, on-chain data from Santiment revealed a divergence in institutional activity, as wallets holding between 10M and 100M SHIB decreased by 20%, signaling a whale sell-off, while smaller addresses (holding $1–$1,000) increased by 25%.

The Relative Strength Index (RSI) hovered around the neutral 50 level, indicating indecision among traders. SHIB faced critical resistance at $0.00002555, an area linked to past whale activity. Failure to breach this level could push prices toward $0.00002200.

Hedera (HBAR) rallied 20.76% since the start of 2025, trading at $0.324. The altcoin’s price action benefited from its partnership with Hyundai and KIA for carbon management.

The recent uptrend coincided with a bullish triangle pattern on the daily chart, supported by increasing intraday trading volumes of $760.3 million.

Technical indicators favored further gains, as the MACD showed a positive crossover, and the 50-day Simple Moving Average (SMA) provided consistent support. HBAR faced immediate resistance at $0.337, with a breakout likely propelling it toward $0.393. Conversely, a failure to clear resistance could see the token retest $0.278 or even $0.25 in a bearish scenario.