$BTC
Analyzing Bitcoin's daily chart, we observe a clear pattern: after every bearish phase, Bitcoin enters a strong bullish zone. Historical data supports this trend. Currently, some significant events are expected before January 20th, as Bitcoin could enter a highly bullish phase after this date, making it challenging for traders to catch up.
For instance, during Trump’s previous inauguration, Bitcoin surged to "$102K within 17 days", fluctuating between the "$91K-$99K range"before breaking past $100K. This suggests that impactful news like inaugurations can create significant hype, driving Bitcoin prices up by $5K-$6K in just hours. What could happen this time around?
Now, Bitcoin stands as the 6th largest global reserve asset with its limited supply playing a crucial role in its valuation. Countries may increasingly add Bitcoin to their reserves, pushing its price toward "$1M in the future". With Trump, a crypto-friendly figure, potentially taking office, along with Elon Musk’s support, Dogecoin (DOGE) might even cross the $1 mark—a challenging yet plausible scenario in the crypto world.