After a prolonged period, Bitcoin has once again reached $101,000 in the new year. This resurgence is a positive sign for its supporters, motivating hopes for new peaks above $108,000. The article explores the factors contributing to the renewed bullish trend in cryptocurrencies, led primarily by Bitcoin (BTC) 
$101,207.
Bitcoin’s Recovery
Following a painful drop to $108,000, altcoins are now experiencing a resurgence. BTC price returned to $101,000 after the opening of U.S. markets. For this price level to hold and succeed, it must surpass $102,000; otherwise, this rally may turn out to be a failed attempt.
Challenges Ahead
The ongoing rise brings disappointment to futures traders who viewed Saylor’s BTC acquisition as a short-selling opportunity. BTC, which has faced continuous declines, now seems poised to surprise investors chasing easy profits.
Maintaining six-figure prices could offer altcoins a chance to return to former levels. SOL Coin has already returned to a critical threshold of $222, while DOGE aims for peaks of $0.4 after breaking away from $0.38 resistance. The upcoming inauguration of Trump on January 20 is expected to ease regulatory pressures on cryptocurrencies, allowing U.S.-based crypto companies to operate more freely.
This situation is also incredibly positive for the global reputation of cryptocurrencies. After 18 days, BTC has successfully regained levels above $101,000.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
