Bitcoin Struggles For Direction Post-Trump Disappointment – What Next?

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Related Reading: 1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market According to Thielen, Trump’s inauguration served as a catalyst for Bitcoin to break out of that wedge, but whether this breakout can hold depends on BTC maintaining support around the upper boundary.

Markus Thielen, a researcher at Matrixport, commented on X that "since mid-November, Bitcoin has been trading within a narrowing wedge,” stifled by conflicting signals—ranging from higher inflation data to hopes of a supportive White House.

Related Reading: Analyst Says Bitcoin Price Could Retest Substantially Below $100,000 If This Level Fails CRG argued, "but all its gonna take is 1 mention from Trump and it sends IMO.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Strategic Bitcoin Reserve BTC news Donald Trump Bitcoin Bitcoin news Bitcoin price Btc price Btc Bitcoin Trump Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 12:30:51 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 73 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25319028

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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