Bitcoin is projected to hit $61k next. The market experienced significant turbulence following Trump's recent speech about Bitcoin. His statements were heavily political and unfavorable toward Bitcoin, causing a downward trend in the market. The decline is expected to continue until Bitcoin reaches the $61,000 mark, with no immediate support in sight.
The Bitcoin ETF initiative failed due to BlackRock's involvement, and the Ethereum ETF faced a similar fate due to the ongoing bear market. These developments have contributed to a broader market decline, with cryptocurrencies expected to drop by 25%.
The much-anticipated bull run seems to be postponed until 2025 Start. Investors and traders should prepare for a prolonged period of market downturns, and strategic adjustments may be necessary to navigate this challenging landscape.
