Let’s wait for Bitcoin to start pumping again. For now, the dump isn’t significant, so there’s nothing to worry about.
Actually, in a bullish market, some predictions for this year go even higher than $150K, so that scenario is still on the table. We still have plenty of months to see if it plays out. Of course, it won’t happen without strong catalysts, and whether we like it or not, Trump could play a role in that.
So you feel trump has that much capacity to influence the market to skyrocket that much height ? Well till date the market price movement of Bitcoin can't be really tired to the influence of anyone but by the entire crypto space and the big whales of the market plays a vital role in this happening and like you said the year is still young and no massive dip yet so we are still optimistic about when the increase will come.
What I’m saying is he could play a role in influencing the market. Don’t you remember why Bitcoin pumped before? It was during the election when Trump was declared the winner, the market started turning bullish again. And now, with all the Bitcoin-friendly policies he’s been talking about, people are once again speculating, which could push the market up.
One proof of his influence is the Trump Coin pump. But to be clear, while he can impact the market, it’s not something that happens regularly. Right now, we’re not really seeing a strong bullish trend. But let’s just say, if he really wanted to, he could use his power as president to shake up the market in a big way.