Bitcoin (BTC) Price Predictions Surge to $138K as the Market Turns Bullish Ahead of Trump's Inauguration

Bitcoin (BTC) rice is up 8.5% in 2025, with the collective crypto market turning bullish ahead of President-elect Donald Trump's inauguration on Jan. 20.

Bitcoin (BTC) price 1-month chart. Source: Cointelegraph/TradingViewAfter a bullish close above $100,000, multiple analysts shared their new all-time high targets for Bitcoin in the coming days.

Bitcoin price بالا رفته است 8.5% in 2025, with the collective crypto market turning bullish ahead of President-elect Donald Trump’s inauguration on Jan. 20.

With BTC breaking past $100,000 yet again, multiple analysts presented new all-time high targets for the largest crypto asset in the coming days.Could Bitcoin hit $138K in February?

Bitcoin closed a daily candle above $100,000 for the first time on Dec. 8, but since then, it has been above the six-figure level for only six days. A daily close above $100,000 will be a pivotal turn, and Posty, a crypto trader, said that BTC’s current price action reflects its bullish rally from Q1, 2021.

After considering the laws of diminishing returns over a period of four years, the trader believed that if BTC continued to follow its previous cycle pattern, it would be valued at around $138,000 in February.

Meanwhile, Cryptochimpanz, a Bitcoin proponent, believed that BTC’s monthly chart illustrated a “nasty” setup from its previous bull run. The trader said,

Bitcoin price percent supply in Profit by Axel Adler Jr. Source: X.comMoreover, Axel Adler Jr. highlighted that 90% of the total Bitcoin supply is currently in profit. The Bitcoin researcher explained that unless there is a “black swan” in the current cycle, BTC drawdowns could be minimal and emulate its 2017 bull run, rather than 2021, when China’s BTC mining ban momentarily halted the rally.

Bitcoin’s Coinbase premium has returned to a neutral index on Jan. 4. After a period of rigorous selling between Dec. 18 and Jan. 2, the premium now sits at a breakeven point, according to data on Wednesday.

IT Tech, an anonymous Bitcoin analyst on CryptoQuant, explained that the premium increasing back to a breakeven point shows that “sentiment by the US and institutional investors is back.”

However, it is important to note that the Coinbase premium largely tracks US retail investor sentiment rather than institutional sentiment.

On the contrary, Cointelegraph earlier reported that overall Bitcoin retail investors' transaction volumes have dropped significantly since BTC reached $108,000 last month.The rolling 30-day change in retail-sized transaction volumes under $10,000 has dropped to lows last seen in September 2024. According to Darkfost, an onchain analyst, a lower variation indicates that retail interest has dropped significantly, which presents a good buying opportunity in the long term.

From a technical perspective, Bitcoin underwent a bullish break of structure (BOS) after it closed a daily candle above $97,000 last week. Its’ current break above $100,000 is a positive sign, but Crypto Scient, a markets trader, emphasized that $100,000 remained a key inflection point for Bitcoin. The trader said,

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.