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.
The dip happened probably due to the situation regarding the Silk Road, so there is that.
And I agree - we need a bit more time after the inauguration to see the effects of some promises that were made being acted upon. Otherwise, the sentiment would remain at the same level it is now.