Bitcoin (BTC) has reached a new peak of $105,000, showing a 5.2% increase in the past 24 hours. The rally is believed to be driven by investor optimism surrounding the inauguration of Donald Trump, who is expected to create a more crypto-friendly US government. Speculation about Trump's potential actions on cryptocurrency policy, such as easing regulations and creating a Bitcoin strategic reserve, has further fueled the bullish trend. Analysts are now targeting a near-term resistance level of $108,000, with wave theory suggesting a potential future price of $128,000. Breaking above the all-time high of $108,000 is seen as crucial for sustaining the current momentum.



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