Bitcoin (BTC) surged toward $105,500 on Jan. 19, just $5,000 shy of its all-time high, as traders anticipated a breakout into price discovery. BTC has risen 12% month-to-date, fueled by optimism ahead of US President-elect Donald Trump’s inauguration.
Adding to the bullish momentum, Trump’s controversial “OFFICIAL TRUMP” ($TRUMP) memecoin reached an $11 billion market cap, breaking into the top 20 cryptocurrencies.
Prominent traders remain optimistic. Pentoshi predicted, “$BTC ATH incoming pretty soon,” while Moataz Elsayed (Eljaboom) described Bitcoin as entering the “belief phase” of its price cycle.
As Bitcoin’s trajectory stays strong, traders now eye $122,000 as the next milestone.
Source: Cointelegraph
