Is the Rally in Bitcoin in the Last Hours Permanent? Analysts Assessed the Current Situation

According to CoinGecko data, Bitcoin, reached $102,000 for the first time in 2025, surpassing the $100,000 mark for the first time, before experiencing a slight pullback.

Volatility follows the wave of optimism stemming from the strategic Bitcoin reserve proposal that has captured trader sensitivity after a historic 2024 for the cryptocurrency market, led by elected President Donald Trump.

While the price of Bitcoin remains below the all-time high of $108,135 reached during the 2024 bull run, the recent rally signals a significant psychological breakthrough. However, according to the digital asset research firm 10x Research, the market is not experiencing a direct upward trend.

In a note sent to investors, 10x Research said, "Bitcoin seems to be trading in a tactical trading range that offers opportunities for strategic positioning rather than a continuous rally."

The company highlighted the mixed trading conditions following the FOMC meeting in December and the typical holiday market slowdown by the Fed, which made the broader crypto space cautious.

Much of the excitement in the Bitcoin market is tied to the plan to establish a strategic Bitcoin reserve for the US following President-elect Trump's inauguration on January 20th. The proposal is based on the 2024 Bitcoin Act, presented by Senator Cynthia Lummis, which envisions the US government purchasing 1 million BTC, approximately 5% of the total supply, over the next five years.

The plan also includes the preservation of the government's existing Bitcoin assets; it is estimated that these assets consist of approximately 210,000 bitcoins worth about 21 billion dollars.