Join CoinRoop Telegram Join Our Telegram Channel Now For Latest Crypto Updates

Another Wave of Bitcoin Growth ‘Still Likely’ – Insights from Russian Analyst

Another Wave of Bitcoin Growth ‘Still Likely’ – Insights from Russian Analyst

According to Nikolai Dudchenko, a Russian financial expert, the price of Bitcoin may surge soon, possibly reaching $120,000. Mr. Nikolai, however, warned that an eventual “correction” mighteto $80,000. Remember, not too long ago, Bitcoin was priced above $108,000 and rapidly plummeted to above $90 000.

As of now, Bitcoin is being traded for around $99,000, after reaching $102,000 last week. The remarks were made by Dudchenko who is an analyst at Finam, during an interview with Business Gazeta.

The remarks were made by Dudchenko who is an analyst at Finam, during an interview with Business Gazeta.

While Dudchenko accepts recent price fluctuations, including the Bitcoin token dropping below $100,000, he believes there’s always a scope for growth which is key to a substantial rise in Bitcoin’s price.

As an example, he states he is always optimistic towards the price surge and states such a price increase is likely to happen in the macro environment in the future, however if such a correction does happen, he believes the downside potential is tremendous.

Inauguration day for US President elect Donalts Trump is a key factor and predictor of a multitude of events according to the russian analyst, commenting further on the matter, he admits that Bitcoin movement price fluctuation is prone to the slightest comments issued by the US regarding bitcoin rules and regulations, with such volatility and instability out of the way, Dudchenko assures that what seems like a recent promotion of China banning bitcoin for 12 months later seems like a period of stability when the prices held between $90,000-$100,000.

Previously, Bitcoin has been responding positively or negatively based on statements made by important people in the economy such as the US Federal Reserve Chairman Jerome Powell. For instance, in December 2024, the price started declining after Powell expressed his opposition to the proposal of creating a thousands-national Bitcoin reserve.

For instance, in December 2024, the price started declining after Powell expressed his opposition to the proposal of creating a thousands-national Bitcoin reserve.

This, however, may be different should Trump’s presidency come to pass. On January 16, the New York Post stated that Trump is not against the idea of establishing bitcoin and altcoin reserves with currencies such as XRP and Solana. Additionally, his close sources implied that Trump may be looking for a way to invest in these digital assets with the use of a reverse basket.

Regarding the political turbulence, together with the events unfolding ahead, it is reasonable to be uncertain about how to come out prepared for the bitcoin future. In addition, political changes in the Us could severely alter bitcoin’s price metrics in the following months as such changes could greatly influence the price metrics of cryptocurrencies.

The new developments that arise from the emergence and impact of Trump’s presidency, alongside the policies regarding the cryptocurrency have a bearing as to whether bitcoin will succeed in sustaining the bullish movements or it will go through price correction.

Post Disclaimer

The content on CoinRoop.com is for informational purposes only. We do our best to provide accurate and up-to-date information Of article Another Wave of Bitcoin Growth ‘Still Likely’ – Insights from Russian Analyst, but please note that cryptocurrency investments and related activities carry inherent risks. Always do your own research and consult with a professional before making any financial decisions.

We do not offer financial advice, and we cannot guarantee the success of any investment or strategy mentioned on this site. Your use of this website and its contents is at your own risk.

By using CoinRoop.com, you acknowledge that you understand and agree to these terms.

Techcon The 10-year-old crypto Blogger and an accomplished individual's voice is Techon in the Crypto World. Carter began his journey with Bitcoin in 2011 when he helped anyone interested in learning it through his well-appreciated blog. This skill is what makes Techno a storehouse of knowledge for both newbies and veterans since he breaks even the complex with lots of simplicity and yet offers balanced opinions. Through his decade-long experience in this field, he has evolved into a seasoned professional, which gave him access to the information needed in such a vast and well-orchestrated industry of Digital Currencies.