Bitcoin prices surged over the past week as U.S. President Donald Trump’s crypto czar declared a new era began with a presidential pardon for Silk Road founder Ross Ulbricht. The move has sent markets into frenzy, with traders betting on a potential U.S. Bitcoin strategic reserve being created.
The “$100K candle” technical analysis suggests a massive upward move as traders anticipate Trump’s campaign promise to establish a Bitcoin reserve could finally come to fruition. After a rocky start, Bitcoin hit its highest in months amid optimism that President Trump will follow through on his vision of a crypto-driven future.
Cryptocurrency enthusiasts and analysts are closely monitoring the developments, with some predicting significant changes in U.S.-China relations as the world’s largest economies prepare for a new era of digital currency innovation.
The unexpected pardon has reignited bullish sentiment among crypto investors who believe Trump will use his executive power to usher in a Bitcoin revolution. Many experts, including Anthony Pompliano and Jack Mallers, have expressed confidence that President Trump will follow through on his vision for a U.S.-led Bitcoin Golden Age.
As markets continue to recover from weeks of turmoil, the focus remains on how this pivotal week could shape the future of cryptocurrency. With one man’s political decision potentially altering the game, no one is safe from potential market volatility—or opportunity.
Source: https://www.forbes.com/sites/digital-assets/2025/01/22/its-going-to-happen-bitcoin-price-braces-for-huge-trump-earthquake