This week was the opposite of what I expected. Instead of going upwards, BTC dropped and battled prices between the $91k and $96k range.
I guess that the upcoming week will be the same without any big surprises, upwards or downwards. Most likely, everyone expects the Trump administration to take place and announce his intentions regarding BTC and crypto in general.
I guess that the upcoming week will be the same without any big surprises, upwards or downwards. Most likely, everyone expects the Trump administration to take place and announce his intentions regarding BTC and crypto in general.
If the announcement does not happen soon, nothing will happen to the Bitcoin price. What we will see is the usual up and down movement and the price will move sideways.
There is nothing wrong if Bitcoin stays the way it is. But there is hope that the Trump administration will announce their stance and intentions towards Bitcoin soon. Let's wait for that at least until the end of this month.
For sure it looks like the market is on the sideways patterns, or for those bears, we're on the bearish trend as we have seen the price goes down from the last all time high of $108k to $92k, so that is not just a minor correction, but a huge dip already.
Nevertheless, one week from now, we will see Trump being inaugurated and so that could be the start of another bullish pattern for us as we all know that the incoming President is a pro-Bitcoin advocate, total opposite of the Biden administration. So let us take advantage of the price right now, it's still below the 6 digits so this could be the last opportunity from everyone to get it cheap and at a discount before we can see another huge run and maybe touching another all time high very early around $110k-$120k.