CandleFocus When to Expect a Bitcoin Price Rebound? Chinese Analysts Compiled
2025-01-09
Author: Content Editor
Bitcoin's price dropped below $93,000, losing 14% from its recent all-time high of $108,135. The decline is attributed to the release of the minutes from the Federal Open Market Committee (FOMC) meeting in December, which highlighted concerns about the policy implications of Donald Trump's second term as president. Analysts suggest that a recalibration is underway in the market, and signs of recovery may not emerge until after Trump's inauguration and the first 100 days of his administration. However, long-term outlook remains bullish, with expectations of regulatory clarity and pro-crypto policies in the US by 2025. In the short term, factors such as pro-crypto appointments, FTX bankruptcy payments, and China's economic challenges could revive the rally.
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