BTC/USD: Bitcoin Rises Toward $100,000 in Quiet Seven-Day Crypto Run. What to Watch Out For?

OG coin is slow to start the new year with traders quietly accumulating more of it, lifting prices to a two-week high of $99,500. Bitcoin is on a quest and that quest is to get back to six digits. The OG cryptocurrency was spotted making moves early Monday, grinding it out for the seventh straight day. With a series of small gains over that time span, Bitcoin has added about 8% to its price as it was trading at $99,500 this morning. Just about $500 more and Bitcoin will regain the landmark — the last time it crossed $100,000, Bitcoin peaked at a record high of . It looks like it’s good timing for cryptocurrencies to boom. Donald Trump is preparing to step into his new old role as President of the US. That’s about to happen on January 20 with the official inauguration ceremony. But that’s largely priced in already — since Election day, November 5, Bitcoin has jumped 45% thanks to Trump’s and the constant waves of bullish comments on the industry. But crypto is volatile and things can change in a second. Beware of the as-old-as-trees “buy the rumor sell the news” narrative, which can play out as Trump moves to the White House. Given the sweeping buying momentum that has unfurled in the past two months, some analysts are ringing the alarm bell over possible seesawing motions in the days leading up to the President-elect’s inauguration.