Bitcoin News Today: Bitcoin's Bull Run Faces Crucial Crossroads as Trump Backs and Bears Warn

Bitcoin (BTC) appears to be regaining momentum in the wake of renewed optimism in the cryptocurrency market, bolstered by statements from Donald Trump’s economic advisor, David Bailey. Recent price movements and trader analyses indicate a potential for a bullish recovery, though technical indicators and historical comparisons suggest caution. As of recent data, BTC has rebounded above the $112,000 level, a key support that traders have identified as pivotal for extending the bull market. Traders like BitBull have noted that the 100-day exponential moving average (EMA) has been retested, and a sustained hold above this level could lead to a rally toward $116,000–$117,000 [1].

The broader market sentiment, however, remains divided. While some analysts expect a bearish correction if support levels fail, others are optimistic about a continuation of the current bull phase. Roman, a prominent trader, has warned of a potential “double top” forming around the $112,000 level and highlighted the risk of a drop to $102,000 should the support be breached. In contrast, Rekt Capital has drawn parallels between the current pullback and past bull market corrections, suggesting that this phase might be shorter and shallower than previous cycles [1].

The debate over the longevity of the bull market has intensified, with varying perspectives from market participants. Rekt Capital emphasized that historical bull markets have typically lasted around 100 weeks, and with 144 weeks already passed in the current cycle, the window for a sustained rally may be narrowing [1]. However, David Bailey, Trump’s Bitcoin adviser, has countered this view, asserting that the institutional adoption of BTC will prevent a bear market for several years [1]. This stance aligns with broader political and economic narratives promoting crypto-friendly policies under the Trump administration.

Meanwhile, market analysts remain confident in Bitcoin’s potential for strong gains in the final months of 2025. Timothy Peterson, a network economist, highlighted that the average quarterly gain from Bitcoin in the last four months leading to Christmas has been approximately 44%, projecting a potential price of $160,000 by year-end under “average” conditions [2]. Peterson also noted that recent years such as 2018, 2022, and 2020—marked by economic anomalies—should be excluded from trend analysis, as they skewed the data.

The recent price dip is being interpreted as a “frontrunning” of the traditionally weak September period for BTC. Traders like Donny have compared this pullback to patterns observed during the 2017 bull market, forecasting that the current dip is a precursor to a larger rebound. Additionally, BTC’s performance has shown similarities to gold in recent months, reinforcing the idea of a strong macroeconomic correlation [2].

Despite the mixed signals, the underlying momentum suggests that traders are preparing for multiple scenarios. The technical setup, combined with bullish sentiment from influential figures in the Trump administration, has contributed to a renewed sense of confidence in the market. While risks remain, including potential corrections and a historically weak September trend, the combination of institutional interest and political support is shaping expectations for a more sustained rally in the near term [1].

Source:

[1] Bitcoin trader sees $117K coming as BTC price reclaims key trend line (https://cointelegraph.com/news/bitcoin-trader-sees-117k-coming-btc-price-reclaims-key-trend-line)

[2] Bitcoin can still hit $160K by Christmas with 'average' Q4 comeback (https://cointelegraph.com/news/bitcoin-can-still-hit-160k-by-christmas-average-q4-comeback)