3 Crypto Stocks to Watch if Bitcoin Rally hits $120K ahead of Trump Inauguration: MicroStrategy, Rumble, Bitdeer

Bitcoin price analysis

Bitcoin (BTC) price reached a new all-time high of $104,100 on December 5, reflecting an impressive 50% gain since Donald Trump’s re-election on November 5.

Multiple market indicators ranging from interest rate cuts, rising call options, stablecoin inflows, and whale buying pressure all pointing towards a potential BTC price breakout towards $120,000 in the weeks ahead.

As the positive sentiment spreads towards US stock markets, this analysis explores 3 crypto-related firms that could hitch-hike on the BTC rally.

3 Crypto Stocks to Watch in the Week Ahead

Recent cabinet nominations and proposed crypto-friendly policy shifts have deepened investor confidence, amplifying bullish momentum not only in the cryptocurrency markets but also in the U.S. stock market.

Based on recent market reports, MicroStrategy (MSTR), Rumble Inc. (RUM), and Bitdeer (BTDR) are three crypto-related stocks poised to deliver major gains if Bitcoin advances toward the $120,000 mark before Trump’s inauguration, slated for January 20, 2025.

1. MicroStrategy (MSTR) Set to Reclaim $400 Despite Citron Research Shorts

MicroStrategy (MSTR) has long been one of the most prominent Bitcoin-linked stocks, driven by the company’s aggressive Bitcoin acquisition strategy under Executive Chairman Michael Saylor. MicroStrategy has been buying Bitcoin weekly since Trump’s re-election, with the strategy gaining renewed attention after the cryptocurrency’s parabolic rise.

However, the rally initially faced a setback when Citron Research announced a significant short position in MSTR on November 21, citing valuation concerns. The announcement caused a temporary dip in the stock price, pulling it down by 18% in the days following the news.

Despite these bearish headwinds, MicroStrategy has regained its footing. On December 2, Michael Saylor announced another purchase of 15,000 BTC, underscoring his confidence in Bitcoin’s long-term potential. The company is reportedly raising additional funds for further purchases, signaling a commitment to its bold Bitcoin accumulation strategy.

In recent media appearances, Saylor doubled down on his bullish Bitcoin price forecasts for 2025, citing favorable macroeconomic conditions and regulatory clarity under the incoming administration.

MSTR Price Forecast: 

MicroStrategy’s stock price has demonstrated resilience, recovering from the November 21 dip and stabilizing near $370. Analysts predict the stock could reclaim the $400 mark in the near term, with a potential breakout if Bitcoin continues its rally toward $120,000.

MSTR remains a key barometer for institutional sentiment toward Bitcoin, making it a must-watch for crypto enthusiasts and equity investors alike.

The MSTR chart shows strong upward momentum, with prices trading near historic highs. The Bollinger Bands are expanding, suggesting increased volatility, while the RSI remains elevated but has not yet reached overbought levels, indicating potential for further gains.

Additionally, steady volume supports the bullish trend. If MSTR holds above $400, the next target could be $450-$480 in the coming weeks. However, a close below $390 would warrant caution

2. Rumble (RUM) Price Eyes $10 Breakout as CEO Announces $20M BTC Investment

Rumble Inc. (RUM), a video-sharing platform known for its decentralized ethos, is increasingly aligning itself with the crypto sector.

The company’s CEO Chris Pavlovski announced on December 4 that Rumble had invested $20 million in Bitcoin, a move aimed at diversifying the company’s treasury and strengthening its commitment to financial sovereignty.

In another X post on December 6, he also confirmed that the firm will now offer to pay employ salaries in BTC.

This strategic investment comes amid growing competition in the video-sharing space and positions Rumble as a key player in the adoption of Bitcoin as a reserve asset. The timing of the announcement—just as Bitcoin hit a new all-time high—has sparked enthusiasm among investors, leading to a surge in trading volume for RUM shares.

Rumble (RUM) Price Forecast:

Rumble’s stock has been on an upward trajectory, climbing 22% since the announcement. The price is currently hovering near $9.25, with analysts eyeing a potential breakout above the critical $10 resistance level. A move above $10 could open the door to significant upside, particularly if Bitcoin’s bullish momentum persists.

Rumble’s chart indicates a breakout above the upper Bollinger Band, reflecting robust buying interest. The ADX shows strengthening trend momentum, supporting the recent surge. If RUM can sustain its position above $7, it may rally towards $9-$10, fueled by strong volume. A pullback to retest $6.50 could provide a new buying opportunity.

Rumble’s foray into Bitcoin could also attract a new wave of investors, particularly those seeking exposure to companies leveraging cryptocurrency as a strategic asset. With a combination of robust fundamentals and increasing alignment with crypto markets, Rumble is well-positioned to capitalize on Bitcoin’s next leg up.

3. Bitdeer (BTDR) Price Surges 47% after latest mining infrastructure update

Bitdeer Technologies Group (BTDR), a leading cryptocurrency mining company, has emerged as one of the biggest winners in the current Bitcoin rally. On December 6, the company announced significant upgrades to its mining infrastructure, aimed at increasing efficiency and scaling operations in anticipation of Bitcoin’s continued growth in 2025.

The announcement detailed plans for deploying next-generation mining equipment and expanding facilities in North America and Asia. Bitdeer’s commitment to innovation and sustainability has resonated with investors, particularly as mining profitability surges alongside Bitcoin’s price.

Bitdeer (BTDR) Price Forecast

Bitdeer’s stock has skyrocketed by 47% over the past week, reflecting investor optimism around its growth prospects. Shares are now trading near $18.75, up from $12.75 just a week ago. Analysts suggest the stock could reach $22 in the near term, driven by robust demand for mining services and favorable market conditions.

BTDR rallied 23.73% on Friday December 6, with prices sitting well above its 20-day moving average. The widening Bollinger Bands indicates sustained momentum. Within these conditions, BTDR price looks poised for a continued rise to $24-$26, if trading volumes remains elevated. A support zone near $17.80 would likely cushion any pullbacks.

As one of the few publicly traded mining companies, Bitdeer offers a direct play on Bitcoin’s price action. Its recent infrastructure update solidifies its position as a leader in the mining industry, making it a compelling option for investors looking to benefit from the crypto sector’s growth.

Conclusion

With Bitcoin breaking new records and optimism surging ahead of Trump’s inauguration, crypto-related stocks like MicroStrategy, Rumble, and Bitdeer are positioned to deliver substantial gains. These companies not only reflect the growing adoption of Bitcoin but also serve as key vehicles for equity investors seeking exposure to the cryptocurrency market.

While the crypto sector remains volatile, the combination of favorable macroeconomic trends and strategic moves by these companies makes them essential stocks to watch in the coming weeks. A

s Bitcoin eyes $120,000, the performance of MSTR, RUM, and BTDR will likely mirror the broader market’s bullish momentum, providing investors with considerable profit opportunities.