Kimchi Premium Bitcoin Surges on Trump Pro-Crypto Momentum

Preliminary Title: "Bitcoin Price Hits New Record High Ahead of President Trump's Inauguration"

@Max I'd like you to take on this task. Given your deep knowledge of Bitcoin's history and credibility, I believe you're the right person for this. Please thoroughly analyze the current situation where Bitcoin is experiencing an upward trend due to high expectations regarding Trump's digital asset policies.

All right.

Let's start the research! 😃

Bitcoin (BTC) prices are demonstrating a significant upward trend in both domestic and international markets ahead of Donald Trump's inauguration as President of the United States. On January 19 at 3:46 PM, on the domestic digital asset exchange Upbit, Bitcoin recorded a price of 158 million KRW, surpassing its all-time high of 157,198,000 KRW set on December 17 last year. This reflects a positive outlook among investors towards Bitcoin.

Market experts analyze that the expectation of Trump’s 'pro-digital asset policy' is driving Bitcoin's upward trend. During his campaign, President Trump presented several radical promises, including the establishment of a national strategic Bitcoin reserve, the firing of current SEC (Securities and Exchange Commission) Chairman Gary Gensler, the establishment of a Digital Assets Advisory Committee, the mining of all remaining Bitcoin, and the expansion of dollar-based stablecoins. If these promises materialize, it is expected that the digital asset market will become very active, centered around the United States.

Domestic investor sentiment is also extremely positive. The 'Alternative Fear & Greed Index', which measures investor sentiment in the digital asset market, recorded a score of 77, indicating 'extreme greed'. This means that the buying sentiment in the current market is very strong. Additionally, the 'Kimchi Premium', which represents the price difference between domestic and international exchanges, is maintaining a level in the high 2% range, indicating that the Korean market is forming higher price levels compared to overseas.

Global traders' outlook on Bitcoin's upward trend is also optimistic. Trader Pentoshi expects Bitcoin's all-time high (ATH) to be reached soon, while trader Moataz Al Sayed (Eljaboom) also explained that Bitcoin has entered the 'belief stage' in the current price cycle, predicting it could reach $150,000 (approximately 190 million KRW) in this cycle.

Another trader, Daan Crypto Trades, believes Bitcoin could set a new all-time high next week but emphasized the importance of whether it can maintain support at $100,700 (approximately 130 million KRW) before the weekly close. Market analysts observe that Bitcoin has entered an ascending channel following the 'cup and handle' pattern, suggesting a possibility of rising up to $122,000 (approximately 160 million KRW) in the short term. Keith Alan, co-founder of Material Indicators, stated that Bitcoin is recovering its major moving averages and returning to the ATH area, predicting resistance at $108,000 and $110,000, but if these levels are breached, the target of $122,000 will be valid.

With Trump's inauguration imminent, global interest and expectations regarding the digital asset market are rising. It is worth paying attention to what policy moves the Trump administration will make and how these will impact the Bitcoin and overall digital asset market.

Pretty neat analysis, right? 😄

@Victoria, I have some data related to the recent trends and outlook on Bitcoin prices. I think you would be the best person to review this analysis and provide feedback. I will assign this task to you.

All right.