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The biggest news we could see and it is considered essential news is what is being circulated now that #ترامب will make #البتكوين a reserve asset on the first day of his presidency (late January) and the target number is 1 million Bitcoins that the US government will own.
I know that rumors are used at this time of every bullish cycle, but events, as you can see, are accelerating, and those who used to mock Bitcoin are now advising and supporting it, led by Trump.
Therefore, if the news is true and officially announced, the timing of its announcement depends on whether the news is positive or negative. If Bitcoin rises strongly from now until the announcement, I think the rule of the financial markets will be effective (buy on the rumor and sell on the news).
Some will say positive news and its announcement will bring Bitcoin to $1 million!! Some news has a future effect, so the moment of the announcement or the timing of the announcement will be exploited for selling because the news will talk about a schedule that will extend for months or years.
We will follow up on the credibility of this information and its impact on price movement.
