Trump's inauguration may signal the bottom for Bitcoin!

U.S. Treasury Secretary Janet Yellen wrote to congressional leaders indicating that the Treasury expects the United States to reach its debt ceiling as early as January 14 to 23, 2025, and may need to take "extraordinary measures" to avoid a federal government debt default.

Increasing the debt ceiling has historically been a negative signal for Bitcoin; in the last five such instances, Bitcoin experienced declines or poor performance in the following days.

Since the cycle low in November 2022, Bitcoin has been consistent with the trends of the previous two cycles.

The cycles from 2018-2022 and 2015-2018 both saw significant pullbacks at this point in their respective cycles. Trump's inauguration on January 20 may signal the bottom for Bitcoin.