A seasoned crypto trader has shared their outlook on Bitcoin and the broader digital asset market, predicting a sluggish start to 2025.
The analyst, known as The Crypto Dog, suggests that significant price movement may not occur until President-elect Donald Trump’s inauguration on January 20th.
Speaking to his substantial following on X, The Crypto Dog speculates that the political event could serve as a key trigger for renewed bullish momentum in the crypto market. He believes Bitcoin and altcoins are likely to remain stagnant until the inauguration, mirroring market behavior seen during previous election cycles.
According to the trader, historical patterns indicate that Bitcoin tends to rally after a new president takes office. He points to 2021, when Bitcoin surged over 100% shortly after President Joe Biden’s inauguration. Similarly, he notes that a major breakout occurred in 2017 around the time of the inauguration.
Despite these observations, The Crypto Dog acknowledges that his prediction could be overturned if equities, particularly the S&P 500, continue their upward trajectory. He highlights the strong correlation between Bitcoin and traditional markets since the introduction of Bitcoin exchange-traded funds (ETFs), suggesting that sustained equity strength could fuel a more optimistic scenario for cryptocurrencies in January.
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