CandleFocus Top Analyst Now Sees Window of Opportunity for Bitcoin and Altcoins To Pop – But There’s a Catch
2024-12-25
Author: Content Editor
The crypto market is expected to experience a bullish continuation, according to a top crypto strategist. The strategist, known as The Flow Horse, believes that the window of opportunity for Bitcoin and altcoins to surge is between now and the second week of January. This optimism arises from the belief that the incoming Trump administration will be friendly towards cryptocurrencies, with Trump even suggesting the creation of a Bitcoin treasury. However, The Flow Horse warns that this bullish sentiment may fade after Trump's inauguration as resistance to his initiatives is expected. Additionally, the strategist predicts that crypto will reach a local top around the time Trump begins his second term. The overall macro landscape is still considered expensive compared to the 2020 cycle when interest rates were lowered due to the pandemic. Currently, Bitcoin is trading at $94,455.
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