Crypto analyst predicts market stagnation until Trump's inauguration. Historical data and potential catalysts for Bitcoin's rise discussed.
An experienced and renowned digital currency analyst, known as The Crypto Dog, predicts that the Bitcoin and other digital currency market will remain stagnant until the first weeks of 2025. With 853 thousand followers on the platform, he stated that the market will not see an upward trend until Donald Trump’s inauguration on January 20. The analyst believes that Trump’s inauguration on January 20 will serve as a strong catalyst for the rise of Bitcoin and altcoins. Referring to historical data, he pointed out that Bitcoin surged after Joe Biden’s inauguration in 2021 and during Trump’s term in the 2017 cycle. However, Crypto Dog warned that if the S&P500 continues its upward trend, this prediction will be invalidated.
