Despite Trump’s pro-crypto stance, Bitcoin's rally in 2025 could hit roadblocks. The crypto trading environment shows mixed trends as 2025 kicks off, especially after the FOMC meeting and holidays. According to 10x Research, momentum might not match previous levels seen in 2024.
The Consumer Price Index (CPI) data release on January 15 is crucial. A positive inflation print could boost optimism and rally Bitcoin leading to Trump's inauguration. However, such momentum might be short-lived as markets might retreat ahead of the next FOMC meeting.
Bitcoin's price is projected to be around $96,000 to $98,000 by January's end. Notably, Bitcoin set new highs in Q4 2024 after the Fed's rate cuts, which bolstered the crypto market.
Bitcoin's dominance is another significant factor. It rose from 50% to 60% throughout 2024, challenging altcoins. Although there was a brief dip to 53%, Bitcoin quickly regained dominance, maintaining control around the 55% mark.
At press time, Bitcoin dominance hit 57%, with its price at $99,225. 10x Research predicts Bitcoin peaking at $150,000 and correcting to $80,000, while Bitwise expects it to reach $200,000 by 2025's end.
