Bitcoin (BTC) continues its impressive rally, solidifying its position above $100,000 as of Jan. 17, with renowned trader and analyst Filbfilb anticipating a potential climb to $130,000 this bull cycle. Speaking to Cointelegraph, the co-founder of DecenTrader shared insights on Bitcoin’s trajectory and the broader cryptocurrency market dynamics.
Trump Era Policies and Market Sentiment
The inauguration of President-elect Donald Trump brings expectations of pro-Bitcoin and crypto-friendly policies. Filbfilb suggests this could temporarily boost market sentiment. However, looming trade wars or tariff discussions, reminiscent of Trump’s 2018 presidency, could disrupt risk assets, including cryptocurrencies.
Despite these uncertainties, Bitcoin’s dominance remains robust, potentially reaching new highs. Filbfilb predicts that BTC could lead the market rally one final time before altcoins follow suit.
Can Bitcoin Reach $180,000?
Filbfilb remains optimistic about Bitcoin’s upward potential, noting that $130,000 would mark a successful bull market, but a target of $180,000 is not off the table. Using tools like the MVRV Z-score and his proprietary logarithmic model, Predator, he tracks market overperformance relative to cost. The Pi cycle top indicator and Coinbase app rankings further validate his predictions.
“Anything above $130,000 would be a great result for this bull market,” Filbfilb states, emphasizing the importance of retail participation as Bitcoin surpasses these milestones.
The Path Forward
Bitcoin’s current position reflects strong market confidence, outperforming other risk-on assets like equities. However, Filbfilb cautions that any policy missteps or delays in expected reforms could trigger short-term volatility.
Altcoins, while lagging, are expected to follow Bitcoin’s lead once the flagship cryptocurrency achieves its next leg upward. While exceptions like XRP have shown individual strength, Filbfilb sees Bitcoin dominance as a critical indicator of market sentiment.
As Bitcoin holds steady above $100,000, the stage is set for further growth. Whether BTC hits $130,000 or even $180,000, this cycle promises significant milestones for the cryptocurrency market.
Also Read: Crypto Market Surges: Bitcoin Hits $106K as Meme Coins Rally Amid Political and Regulatory Shifts
For traders and investors, all eyes remain on U.S. policy shifts and market dynamics, which will likely dictate the next chapter in Bitcoin’s remarkable journey.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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