|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Market to Remain Listless Until Trump Takes Office, Crypto Trader The Crypto Dog Predicts
Jan 05, 2025 at 04:04 pm
Pseudonymous trader The Crypto Dog tells his 853,00 followers on the social media platform X that he thinks the market will not regain bullish momentum until President-elect Donald Trump is sworn into office.
A crypto veteran is predicting that Bitcoin (BTC) and the broader digital assets market will continue to trade flat in the first few weeks of 2025.
Pseudonymous trader The Crypto Dog tells his 853,00 followers on social media platform X that he believes the market will not regain bullish momentum until President-elect Donald Trump is sworn into office.
According to the analyst, Trump’s inauguration on January 20th will serve as a strong catalyst, pushing Bitcoin and altcoins to higher highs.
“The inauguration probably acts just the same as election day – it’s going to pin us down until it’s done.
We’re not bearish per se, but we’re probably not going higher until Trump is in office.
Just had a bunch of people excited longing the highs, they probably get stopped out now.”
Examining historical data, The Crypto Dog notes that Bitcoin rallied after President Joe Biden took over the White House in 2021.
“You can see how we behaved Jan 2021… downtrend until inauguration then ripped +100% afterward.”
The analyst also points out that a similar trend can be observed during the 2017 cycle.
“2017 breakout happened pretty much right on inauguration.”
While the analyst’s analysis suggests further consolidation, he adds that his view will be invalidated if the S&P 500 continues to show strength.
“Looks like post-election January is pretty much up only for equities. Since the [launch of Bitcoin exchange-traded funds] we’ve been pretty lockstep so up only makes sense.”
Bitcoin is trading at $98,219 at the time of writing.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- RCO Finance (RCOF): The AI Altcoin Targeting 20,000x ROI Emerges as a Ripple Rival
- Jan 07, 2025 at 10:45 am
- The recent XRP price action has ignited excitement and caution among crypto enthusiasts and investors as bullish signals face concerns over fading momentum. This mixed reaction highlights the uncertainty surrounding the XRP price’s ability to sustain an upward trajectory, leaving investors to weigh their options carefully.
-
-
-
- Dogecoin and XRP Gear Up for Market Battles as XLM Finds Support
- Jan 07, 2025 at 10:45 am
- Dogecoin has emerged from a recent period of consolidation and achieved a noteworthy price breakout, reaching $0.38. Although there are a few subtleties that could dampen the excitement surrounding this development, this move above the 50-day EMA suggests a possible change in momentum.
-
-
- Unlock 2025's Crypto Fortunes: Why BlockDAG, XRP, FIL, and DOT Are Your Best Bets
- Jan 07, 2025 at 10:45 am
- As the calendar turns, those keeping an eye on the crypto landscape are identifying projects with substantial growth prospects. BlockDAG, Ripple (XRP), Filecoin (FIL), and Polkadot (DOT) are marked as four key projects, each bringing unique advantages and vast potential for appreciation.
-
- RCO Finance (RCOF) Presale Stuns With $10M Raised & 15,000x Potential
- Jan 07, 2025 at 10:45 am
- As the Dogecoin price hovers near its absolute bottom, many investors are seeking alternatives with real potential for growth. Among the various recommendations, experts are predominantly endorsing RCO Finance as an asset with significant growth prospects.
-
