Quick Market Analysis so that you dont have to🧐
As a start keep in mind these 3 point:
1- BTC Halving was in April of this year. Historically, that is a major trigger for a bull run
2- The federal reserve did not change the interest rates, and wont plan on doing so till September.
3- Trump, President elect, has strongly supported BTC, along with many other world leaders.
4- The US Government to purchase 3 billion $ worth of BTC.
The above points are major factors favoring the bullish market and price pump of BTC.
However, keeping in mind that the decision for the federal reserve is in September, and presidential elections are not until November, the market is likely to suffer lots of swings.
For BTC to Successfully complete the bull run, a rise to the previous ATH of around 73K is necessary BEFORE a major dump.
In my opinion, we are likely to see a short term bullish trend in the coming weeks till btc reaches 73k. At this point, a massive drop below 56k could be expected before we really get to enjoy that bullish run we have been all waiting for.
Keep in mind, this is a personal market analysis and not official in anyway. DYOR and always trade with caution.