Bitcoin Struggles For Direction Post-Trump Disappointment – What Next?

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Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? - NewsBTC

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Related Reading: 1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market According to Thielen, Trump’s inauguration served as a catalyst for Bitcoin to break out of that wedge, but whether this breakout can hold depends on BTC maintaining support around the upper boundary.

Markus Thielen, a researcher at Matrixport, commented on X that "since mid-November, Bitcoin has been trading within a narrowing wedge,” stifled by conflicting signals—ranging from higher inflation data to hopes of a supportive White House.

Related Reading: Analyst Says Bitcoin Price Could Retest Substantially Below $100,000 If This Level Fails CRG argued, "but all its gonna take is 1 mention from Trump and it sends IMO.