It's about expectations and BTC as a refuge asset when the SHTF everywhere (or is expected imminently to do so).

If now many expect that Trump can someway do miracles and fix the mess BTC would have much less appeal compared to a panic on the markets.

Add that the euro is going down the drain maybe even this year and I have great expectation on BTC price starting from the autumn.

edit: here's the usual effect on gold of Inauguration Years Since 1974:

https://twitter.com/MarkTOByrne/status/822519819572486144