Bitcoin Rally Expected After Trump Takes Office, Says Analyst
A seasoned crypto trader has shared their outlook on Bitcoin and the broader digital asset market, predicting a sluggish start to 2025.
The analyst, known as The Crypto Dog, suggests that significant price movement may not occur until President-elect Donald Trump’s inauguration on January 20th.
Speaking to his substantial following on X, The Crypto Dog speculates that the political event could serve as a key trigger for renewed bullish momentum in the crypto market. He believes Bitcoin and altcoins are likely to remain stagnant until the inauguration, mirroring market behavior seen during previous election cycles.
According to the trader, historical patterns indicate that Bitcoin tends to rally after a new president takes office. He points to 2021, when Bitcoin surged over 100% shortly after President Joe Biden’s inauguration. Similarly, he notes that a major breakout occurred in 2017 around the time of the inauguration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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