Bitcoin Surges Past $90,000 Amid Market Volatility and Political Factors

Bitcoin has exceeded $90,000 after a six-week period and may signal a recovery. Analysts suggest current market volatility is driving investors towards Bitcoin and gold. Trump’s stance on the Fed could lower interest rates, positively impacting cryptocurrency values. Predictions indicate Bitcoin could reach $130,000 to $138,555 by 2025, supported by macroeconomic factors.

Bitcoin has recently surged past the $90,000 mark for the first time in six weeks, indicating a potential broader recovery for the cryptocurrency. Analysts like Larry Tentarelli from Blue Chip Daily Trend Report suggest that if Bitcoin stays above $90,000, it could signal a breakout from its recent trading range of $75,000 to $90,000.

Following a decline since the inauguration of President Trump, Bitcoin is 20% below its peak of $107,000. This decline may now be reversing due to market volatility, prompting investors to consider Bitcoin and gold as safer alternatives for their capital amidst uncertainty.

Analysts have noted that Trump’s criticisms of Federal Reserve Chair Jerome Powell may be inadvertently supporting Bitcoin by adding to market volatility. Cantor analyst Brett Knoblauch indicated that a new, more dovish Fed under Trump could lead to lower interest rates, historically benefiting cryptocurrencies like Bitcoin.

Looking toward 2025, Christopher McMahon, CEO of Aquinas Wealth Advisors, forecasts Bitcoin could reach as high as $130,000 if a crypto-friendly administration is in place. Furthermore, CoinDesk’s analysis from 21Shares suggests that, based on historical data and current trends, Bitcoin might hit $138,555 by the end of 2025, bolstered by macroeconomic uncertainty and positive on-chain momentum.