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Bitcoin Pullback Truth Revealed: Retail Investors Profit and Sell, Is Trump's Inauguration the Key?
Bitcoin has recently pulled back, mainly because people feel that Bitcoin is about to rise to $100,000. Many retail investors are taking profits and starting to sell their coins. Everyone is thinking that they might have to wait until Trump takes office to see how the market will move.
Thinking back to the previous surge of Dogecoin (doge), it was quite interesting. At the end of December, it doubled in value. But the real surge happened when the new president took office, which was at the end of January. In just half a month, it increased tenfold, and the entire altcoin market was buzzing. The following months of February, March, and April were absolutely crazy for altcoins.
You can see that when Trump was attacked or when he succeeded in his campaign, the cryptocurrency market also experienced various fluctuations.
So now everyone is focused on Trump’s inauguration on January 20th, thinking this could be a significant positive factor. It’s estimated that by then, Ethereum (eth), Dogecoin, and other altcoins might lead the charge again. Looking at it this way, the first quarter of next year seems quite promising.
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