Bitcoin’s sluggish movement leads to falling crypto sentiment.
Analyst expects a glorious reversal after Trump’s Inauguration.
This event is set to take place on January 20, 2025.
Bitcoin’s price continues to dwindle which in turn is reflecting on the crypto market sentiment. To highlight, the Crypto Fear & Greed Index seems to have fallen to a score of 50 marking a ‘Neutral’ market sentiment. As a result, analysts have come to the conclusion that Bitcoin’s recovery will be a slow process as the sideways correction phase will continue for the rest of the month.
When Will the Crypto Market Recover
Meanwhile, seasoned analysts take this in positive stride and identify it as a golden opportunity to accumulate promising crypto assets. In particular, this is in regards to altcoins specifically, as the peak of the altseason is expected to arrive this Q1. Historically, the peak of the altseason has always arrived in Q1 following a Bitcoin Halving year.
A Glorious Reversal Awaits Following Inauguration Day
https://twitter.com/el_crypto_prof/status/1877512110403432595
As this phase has now come to be, analysts are keeping a close eye on bullish altcoins that could yield parabolic pumps in the coming weeks ahead. As we can see from the post above, this analyst marks how the timeline seems to suggest that the market is in a bearish phase. However, he says once Trump’s inauguration takes place a glorious reversal will take place for crypto prices.
Historically, the period between the US Election and the US Inauguration is known as a golden period to accumulate as the time after the Inauguration often leads to bullish gains for the crypto market on a global scale. As of now, the Trump’s Inauguration day is set for January 20, 2025. A bullish altseason and new BTC ATHs could follow after this event.
The post Analyst States That Trump’s Inauguration Will Act as a Beacon for a Glorious Reversal in Crypto Prices appeared first on Cryptonewsland.
