Bitcoin (CRYPTO: BTC) is expected to reach a new all-time high in mid-January, according to a prediction by research firm K33. This anticipated peak coincides with the inauguration of Donald Trump. K33’s analysis is based on historical patterns, suggesting that the final peak of this crypto cycle may occur on Jan. 17.
What Happened: In a recent report, K33 has identified the incoming administration’s favorable stance on cryptocurrency as a key factor driving Bitcoin’s recent surge past the six-digit mark. Promises of a more supportive regulatory environment in Washington have contributed to this rally. However, K33’s head of research, Vetle Lunde, warned that market expectations might be overly optimistic regarding the pace of policy changes.
K33 advised that the mid-January peak could be …Full story available on Benzinga.com
Bitcoin Set For January Spike? Historical Patterns Signal A Potential Peak Next Month
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