
As the new presidential term begins, all eyes will be on what Trump says and does. While the upside for Bitcoin is there, it would be quite bearish if Trump completely ignores the reserve plan. A more likely scenario is that the reserve plan does not happen/is delayed by something.
In the latter case: as long as it is in favor of Bitcoin, it is initially a bearish, but ultimately a bullish event.
TLDR: Bullish signal = cycle continues. Bearish signal = plans must be revised. The cycle may continue, but the chances are lower.
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