The world's key decentralized digital currency has long ceased to be a Cinderella who wanted to be able to dance at her first ball in top markets. Yet, the U.S. President-elect Donald Trump and a circle of his close associates including the charismatic Elon Musk suddenly became shining representatives of some fairy godmother for Bitcoin. Crypto fans were so imbued with Trump's plans iterated and reiterated on the point of Bitcoin's extensive use as a full-fledged tool to form the American reserves in a glimmer of hope for paying off public debts by Bitcoins in the future, that BTCUSD price explosion above $100,000 was the shortest walk it ever had. Thus, Bitcoin openly crossed the line to gain access into high society forever, and no missing shoe in the course of a temporary retracement would turn its magic carriage into a simple pumpkin, with its "noble birth" being confirmed for the rest of the decade at least.

A favourable regulatory framework and increasing demand for the purposes of accumulating income, saving money and alternative cross-border payment against a whole heap of restrictions and losing credibility by fiat currencies led by the Greenback are compelling even heavy traditional investors to join reluctantly to the speculative fever club resulting in more or less aggressive buying any local dips in Bitcoin. Violent pitching of a Bitcoin boat took place on Thursday when it attempted to approach a $100,000 milestone once again. A broader altcoin market became very unstable at that moment as well. Well, it's just O.K. if the former Cinderella was certainly tired from dancing too long on the upper deck to take breath and went down for a while.

It may take some time to change the glass slippers for normal shoes to go on with a more regular party. However, we all saw how quick and sharp Bitcoin was when bouncing twice from the area around $92,500 to above $99,500 and nearly touching $100,000 again. This circus trick of extremely high activity first happened on December 20 and then was repeated on December 24, and so this sliding down and recovering back manoeuvres became just a matter of a few days. For me, this means that daring jumps above $105,000 could not be ruled out in January, of course, but the time factor is slowing down for the nearest weeks, thanks to the Federal Reserve's pause in its cutting rates cycle, which helps to strengthen market positioning in U.S. Dollars. More growth in both gold and crypto assets could be subdued, with a respite being used by market enthusiasts for a more solid bottoming to set roots for buying more Bitcoins for longer.

Technically, I believe that any decline to a lower range between $85,000 to $90,000, if this move ever happens, would immediately spark up investing interest by a much wider circle of both corporates and small traders. As a result a plunge to $80,000 or below is surely not my baseline scenario, and we may totally forget about quotes like $50,000 or $60,000 in 2025, like if this was before the founding of our current civilization. Another fundamentals behind much higher pricing of alternative means of payment, led by crypto, are implausible monetary road maps by major central banks, which could be called shaky at best, a long history of too weak financial discipline with printing too much money by leading countries, in contrast with a relatively pure financial planning, as blockchain technology is transparent limiting minting better than the governments with catastrophically raising for debt ceiling continuously. As my lowest estimate for a possible Bitcoin retracement is around $80,000, then personally my expectations for Bitcoin rally extensions are ranging from $120,000 to even $150,000 in 2025. It's just going to take a little time to get used to new realities at the beginning of the new year. Shortly thereafter, it may go forward again.