Bitcoin Price Predictions: BTC Targets $100K After Trump's Win, $200K by 2025

Bitcoin is in price discovery, hitting a record high of $76,990 on Bitstamp just days after Donald Trump emerged victorious in the United States presidential election.

Bitcoin price hit a record high of $76,990 on Bitstamp on Monday, just days after Donald Trump emerged victorious in the United States presidential election.

Several analysts predict further BTC highs as market participants anticipate a more crypto-friendly business environment under Trump’s presidency.

Bitcoin price on track to $100K after Trump’s win

Bitcoin’s price will likely breach the $100,000 mark following the election win, according to Ryan Lee, chief analyst at Bitget Research.

Lee said a high open interest (OI) in futures markets along with the increasing market dominance of stablecoins suggests traders are positioning themselves for high volatility in the price of Bitcoin.

“Traders usually flock to the futures market when they expect a big move in the underlying asset’s price. High OI usually indicates traders are expecting a continuation of the current trend,” Lee told Cointelegraph.

“Traders can use futures to hedge against potential losses or to amplify their gains. For example, if a trader expects Bitcoin to continue rising rapidly, they might buy BTC spot and simultaneously sell BTC futures at a higher price point.”

Similar predictions were made in a Nov. 6 report by digital asset custodian Copper.co, which said Bitcoin’s upward trajectory may continue into the new year with a $100,000 target.

“Bitcoin’s price action over the past few months has been reflecting the anticipation of Trump’s win, and his policies are expected to drive the market higher, at least in the short term,” the report noted.

“The anticipation of Trump’s win has been driving the cryptocurrency market up, and the actual win is expected to drive the market even higher, at least for the next few months.”

Related: Bitcoin can go ‘parabolic’ with BTC price weekly close above $71.5K — Analysis

Trump’s win reflects heightened market optimism and anticipation of potential policy shifts favorable to digital assets, said Fadi Aboualfa, head of research at Copper.co, who added:

“Many participants are expecting clearer crypto regulations that favor blockchain innovation, especially given the statements made by several key figures in Trump’s administration.”

Copper.co’s prediction was based on historical spot Bitcoin ETF (exchange-traded fund) accumulation trends and current market data.

The firm’s analysis suggests that BTC’s price could hit $100,000 by around December 2023.

Spot Bitcoin accumulation based on historical trends seen in 2024. Source: Copper.co

Trump’s second term is viewed as bullish for the cryptocurrency space, where many participants expect clearer crypto regulations that favor blockchain innovation.

Still, Lee said Trump’s policies may mean inflation in the world’s largest economy will remain above 3.5% in the “medium to long term.”

“Trump’s policies are likely to continue driving inflation higher in the medium to long term. This is because his policies, such as tax cuts and increased government spending, are designed to stimulate the economy,” Lee said.

“Higher inflation may erode the purchasing power of fiat currencies, which could drive more people toward cryptocurrencies like Bitcoin, that are seen as a hedge against inflation.”

BTC price could hit $200K under Trump’s presidency

In a Nov. 7 post on Medium, technical analyst Gert van Lagen said BTC’s price surged beyond the key reaccumulation phase of the “descending broadening wedge,” indicating a potential parabolic move toward the $200,000 zone.

“After completing the reaccumulation phase, BTC/USD price action is now back in price discovery mode, having broken out of the descending broadening wedge pattern,” Lagen wrote.

BTC/USD weekly price chart. Source: Gert van Lagen

Lagen’s chart reveals that the reaccumulation phase, a consolidation period following Bitcoin’s price rally earlier this year, seems to be nearing its end as BTC is back in price discovery.

The next projected target is between $90,000 and $100,000, with the ultimate goal of reaching $200,000 by around May 2025.

Crypto YouTuber Lark Davis was bullish on the next 90 days.

“We’re most likely going to see a $100,000 Bitcoin in the next 3 months,” Davis said in response to BTC’s new all-time highs near $77,000.

This article does not contain investment advice or recommendations. Every investment and trading move carries risk, and readers should do their own research when making a decision.