Bitcoin Eyes $100K Amid Optimism, Key Risks Loom Ahead of FOMC Meeting Arslan Butt | usagoldmines.com

Bitcoin (BTC/USD) is trading at $99,280, gaining around 1% on Monday as optimism grows ahead of President-elect Donald Trump’s inauguration on January 20. The rally, driven by positive sentiment and institutional demand, faces potential headwinds from the Federal Reserve’s January 29 FOMC meeting.

Markus Thielen of 10x Research expects a temporary pullback before the release of U.S. CPI inflation data on January 15. “Bitcoin could consolidate near $97,000 before the FOMC meeting adds fresh volatility,” he said.

Analysts broadly project Bitcoin to close January between $97,000 and $98,000, though some anticipate a rally above $125,000 by the end of Q1 2025.

MARA Holdings’ BTC Lending Program Sparks Debate

Bitcoin mining firm MARA Holdings has lent 7,377 BTC (valued at $722 million) to third parties in a short-term yield strategy aimed at offsetting operating expenses. The program has increased MARA’s total Bitcoin reserves to 44,893 BTC and boosted its mining hashrate by 15% to 53.2 EH/s.

While this financialization strategy enhances Bitcoin’s liquidity, concerns about potential risks remain. Observers compare MARA’s lending approach to the risky practices that contributed to crypto bankruptcies in 2022. These risks could dampen the bullish sentiment surrounding Bitcoin’s current rally.

Metaplanet’s Aggressive Accumulation Plan Signals Institutional Confidence

Tokyo-based venture capital firm Metaplanet plans to increase its Bitcoin holdings by 467%, targeting 10,000 BTC by 2025. Currently holding 1,762 BTC ($173.4 million), the company aims to leverage capital markets to drive global Bitcoin adoption.

Analysts believe Metaplanet’s move could bolster demand and support Bitcoin’s price trajectory, with predictions of a $200,000 price tag by 2025 if institutional adoption accelerates under a crypto-friendly U.S. administration.

Bitcoin (BTC/USD) Daily Technical Outlook – January 6, 2025

Bitcoin (BTC/USD) is trading at $99,280 on the 4-hour chart, breaking above a descending trendline and signaling a potential bullish continuation.

The pivot point at $98,100 now acts as immediate support, while resistance levels are seen at $100,000, $102,000, and $105,000.

These levels align with psychological barriers and Fibonacci retracement targets, capping the broader recovery.

The 50 EMA at $96,900 reinforces the bullish sentiment, acting as dynamic support. Meanwhile, the RSI is approaching overbought levels, suggesting the possibility of a short-term pullback.

A dip toward the $98,100 pivot could invite fresh buyers, while a break below $95,500 would invalidate the bullish outlook.

Bitcoin’s next move hinges on its ability to hold above $100,000. A decisive close above this level could accelerate buying momentum, targeting $102,000 and $105,000. On the downside, support at $95,500 remains critical for maintaining bullish sentiment.

$BEST Wallet: Web3 Simplified, $6.5M Raised in Presale

Best Wallet is redefining Web3 with an innovative platform that supports thousands of cryptocurrencies across 50+ major blockchains, including Bitcoin and Ethereum. It enables users to securely buy, sell, and swap assets within and across chains—without requiring KYC verification.

The $BEST token presale has already raised a remarkable $6.5M and there are less than 24 hours remaining until the next price increase. Currently priced at $0.0235, $BEST offers exclusive rewards and early access to projects within its rapidly expanding ecosystem.

Why Invest in $BEST?

• Utility-Driven: Designed for seamless use in DeFi, staking, and token claims.
• Early-Mover Advantage: Gain access to presale perks and exclusive project launches.
• Expanding Ecosystem: Rapidly growing community with partnerships on trending platforms like Pepe Unchained.

Best Wallet continues to attract attention, as reflected by active engagement on its Twitter and Telegram channels.

The post Bitcoin Eyes $100K Amid Optimism, Key Risks Loom Ahead of FOMC Meeting appeared first on Cryptonews.

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.