It's anyone's guess, honestly. Could be a correction, could be the start of something longer. I'm holding onto my long-term investments, but I'm not buying anything new right now.
Yea, who knows.. Trump's new policy reacted to the market so fast. Its supposed to be a correction for Bitcoin market as that's normal. But no one can tell if this correction might be longer than we think. The fact is that we are being given a good chance to buy and stack more coins in our wallets. So don't miss such opportunities if you know you can buy, get to it. I just hope it returns to its bullish trend sooner. For the altcoin market, it was really affected and I wish them quick recovery..
Bitcoin's response to the global market trend could have a negative effect on the price, as Trump is solidly entering into a market war with his 25% tarrifs on Mexico, and Canada imports, then 10% on China. All affected countries vowed to retaliate especially China that's looking at
challenging Trump's levies at the WHO these are not good for bitcoin as the focus of most investors would be on the ongoing global market changes. Probably, Bitcoin will correct its price, but if trends as this begin to persist the price of BTC might go bearish, though, nobody is sure of when.