Bitcoin Price Analysis: Surge Past $90K After Trump Win Puts $100,000 Target in Sight
Bitcoin price surged past $90,000 following Donald Trump’s recent election victory, recording an impressive 11% gain in just a day.
The former president’s favorable stance on cryptocurrencies appears to have fueled this upward movement, pushing Bitcoin closer to the highly anticipated $100,000 level.
With the asset up 30% since November 5, both retail and institutional investors are closely watching its trajectory, while related stocks, like Coinbase, have also posted notable gains in recent days.
Bitcoin Surges Beyond $90K Post-Trump Victory
Following Donald Trump’s election win, Bitcoin soared past $90,000, marking an 11% increase in just one day. The former president’s pro-crypto stance has energized Bitcoin’s rise, with the asset up 30% since November 5.
This rally has pushed Bitcoin closer to the anticipated $100,000 milestone, a target eagerly watched by both retail and institutional investors. Cryptocurrency stocks like Coinbase have also experienced sharp gains, with Coinbase shares climbing 75% since the election.
Analysts see this trend as sustainable, particularly if Trump’s policies favor cryptocurrency. The renewed investor confidence surrounding Bitcoin positions it as a valuable asset amidst the economic uncertainty expected under Trump’s administration.
Kiyosaki Plans Bitcoin Buys Up to $100K Mark
“Rich Dad Poor Dad” author Robert Kiyosaki shared hisBitcoin strategy, emphasizing disciplined accumulation over speculative selling.
Kiyosaki, currently holding 73 Bitcoin, plans to continue buying until Bitcoin hits $100,000. He advised investors against chasing quick profits, advocating a systematic buying approach.
Kiyosaki’s comments highlight his view of Bitcoin as a long-term asset, reinforcing the idea that consistent purchasing can strengthen the $100K level as a key price milestone.
His support may contribute to short-term price momentum and promote Bitcoin’s appeal as a stable investment choice.
Dollar Strengthens as BTC Holds Record Levels
Trump’s win has also kept the U.S. dollar near a six-month high, with investors expecting the new administration to pursue tariff cuts and tax reforms.
This has bolstered inflation expectations, pushing U.S. Treasury yields higher. Meanwhile, Bitcoin dipped slightly to $87,105 after briefly touching $89,998 but remains near its peak.
As markets await U.S. inflation data, the Federal Reserve’s rate decisions could impact both the dollar and Bitcoin. Faster-than-expected inflation might add to Bitcoin’s volatility, though the long-term outlook remains positive.
With increasing institutional interest and potentially supportive regulations, Bitcoin’s upward trajectory appears set to continue.
Bitcoin Eyes Breakout Above $89,600 as Bullish Momentum Builds
Bitcoin is trading around $87,700, maintaining its upward momentum but facing resistance near the $89,600 mark. A break above this level could pave the way toward the next resistance at $91,500, with further gains potentially extending to $93,300.
Immediate support lies at $86,000, with additional support levels around $84,700 and $83,200. The 50-day EMA, currently at $83,200, serves as a key trend indicator, providing strong support. The RSI hovers near 62, indicating moderate momentum but leaving room for further buying.
Overall, BTC appears poised for a breakout if it can clear $89,600, though failure to hold above $87,500 might trigger consolidation.
Key Insights:
Resistance at $89,600may trigger gains toward $91,500 and beyond.
Support at $86,000could cushion potential pullbacks.
50-day EMA at $83,200reinforces the bullish trend direction.
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