Deep Tide TechFlow News, December 30, according to CoinDesk, analyst James Van Straten stated that Treasury Secretary Janet Yellen expects the U.S. debt ceiling to be reached between January 14 and January 23. Yellen urged Congress to take action to protect the credit of the United States. Historically, raising the debt ceiling has typically been a negative signal for Bitcoin; in the past five similar situations, Bitcoin has seen declines or poor performance in the following days. Currently, Bitcoin's performance in December is also not ideal, having fallen 3%, and it may face its first negative month since August.
In addition, Trump's inauguration will take place on January 20, further increasing political and economic uncertainty. Since the collapse of FTX in 2022, Bitcoin's performance has been similar to the previous two cycles, currently nearing a 500% return. However, historical data shows that at this stage of the cycle, significant corrections typically occur, possibly suggesting that Trump's inauguration date will serve as a bottom signal for Bitcoin.
