🗓 CoinDesk: Treasury Secretary Janet Yellen said she expects the new debt ceiling to be reached between January 14 and January 23.

🔴 Debt ceiling hikes have historically been bearish on Bitcoin, which has fallen or underperformed on subsequent days on the last five occasions.

🔴 December has been a tough month for Bitcoin, down 3% and heading toward its first negative month since August.

🔴 The 2018-2022 and 2015-2018 cycles both showed significant declines at this point in the cycle, highlighted in red in the chart below. It’s possible that Trump’s inauguration on January 20 could signal a bottom for Bitcoin.

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