I believe we all have been expecting this part of the market, hitting a new ATH isn't a surprise only for the way it happened following Trump's victory. Our expectations for our ATH of this year isn't limited by the current, we expect something beyond the $70k mark, Bitcoin above $80k looks achievable, so as we also should have in mind to keep our investment running, our utmost ATH is still expected.
The impact of the US presidential election is clearly visible in the Bitcoin market. Donald Trump's victory has had a positive impact on the Bitcoin market. As a result of Trump's victory we are seeing the Bitcoin market bullish and it has crossed the previous ATH and made a new ATH. But we Bitcoiners expect more than $75k. Bitcoin's current ATH is over $75k. But our expectations are much higher, we expect more than $80k from Bitcoin this year. Bitcoin's future may not depend on one person, but Trump's positive ad about Bitcoin could see Bitcoin price slightly bullish.
I did not set too high an expectations for now because the market does not always go as predicted. Instead, I focus my energy more on building my portfolio and preparing for all possible scenarios. First is a case where the market drop sharply after the elections, in this case I buy more at discounted prices and hold for several years and still continue to perform my regular DCA. The other case being when the market surges like it did, then I continue my DCA without much of a lump sum buy as that will happen when there is correction in the market. I have always proposed keeping an open mind because Bitcoin ought to give peace of mind and not stress and surprises.
Now that the elections are over, those who kept the faith is Bitcoin will likely be rewarded while those who were sceptical will be struggling to jump in now. Whichever case, all are welcome to join the latest big thing in the financial world.