NAIROBI (CoinChapter.com)—Bitcoin (BTC), Shiba Inu (SHIB), and Hedera (HBAR) have shown notable price movements as market sentiments shift under continually evolving macroeconomic and political dynamics.
Bitcoin Price Climbs Past $100K, Bulls Eye Higher Targets
Bitcoin reached $102,700 today, marking its highest level of 2025. The cryptocurrency gained over 4% in less than 24 hours, rebounding from intraday lows near $99,000, according to Coinbase data. The price jump coincides with anticipation surrounding Donald Trump’s imminent inauguration. Market analysts are tying the rally to expectations of crypto-friendly policies.
BTC/USD 1-day price chart. Source: TradingView
Greg Magadini, director of derivatives at Amberdata, pointed out that investors are optimistic about upcoming regulatory clarity and potential tax incentives under the new administration.
Bitcoin Coinbase premium signals market demand. Source: CryptoQuant
Additionally, CryptoQuant’s Coinbase Premium Index highlights renewed demand from U.S. investors, with positive premiums emerging after weeks of subdued activity.
On the technical front, BTC is forming a symmetrical triangle pattern, suggesting a potential breakout. Resistance stands near $108,000, Bitcoin’s all-time high from Dec. 2024, while immediate support lies at $93,000. A decisive move past resistance could set the stage for a stronger bullish rally in the coming weeks.
Shiba Inu Faces Whale Sell-Off Despite Retail Optimism
Shiba Inu’s price remains near $0.00002413 after gaining over 15% in the past week. The rally aligns with broader market enthusiasm fueled by the upcoming U.S. administration change.
Shiba Inu Price chart. Source: CoinMarketCapHowever, on-chain data reveals a divergence between retail and institutional activity. Wallets holding between 10M and 100M SHIB have declined by 20%, signaling a whale sell-off, while smaller addresses (holding $1–$1,000 worth) have increased by up to 25%.
SHIB/USD 1-day price chart. Source: TradingViewThe Relative Strength Index (RSI) hovers near the neutral 50 level, reflecting indecision among traders. SHIB faces critical resistance at $0.00002555, an area linked to past whale activity. Failure to breach this level could push prices toward $0.00002200.
Hedera Surges as Triangle Breakout Looms
Hedera (HBAR) has rallied 20.76% since the start of 2025, trading at $0.324. The altcoin’s price action has benefited from its partnership with Hyundai and KIA for carbon management. The recent uptrend coincides with a bullish triangle pattern on the daily chart, supported by increasing intraday trading volumes of $760.3 million.
HBAR/USD 1-day price chart. Source: TradingViewTechnical indicators favor further gains. The MACD shows a positive crossover, while the 50-day Simple Moving Average (SMA) provides consistent support. HBAR faces immediate resistance at $0.337, with a breakout likely propelling it toward $0.393. Conversely, a failure to clear resistance could see the token retest $0.278 or even $0.25 in a bearish scenario.
Above all, Bitcoin’s climb above $100K underscores renewed optimism as political and regulatory changes unfold. Meanwhile, Shiba Inu faces mixed signals, with retail investors stepping in amid whale exits. Hedera’s strong performance and technical setup hint at potential further gains.
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