Donald Trump's lack of mention of cryptocurrencies and failure to sign an expected decree on Bitcoin caused the crypto market to experience a sharp decline. However, Matrixport analysts believe that Bitcoin still has significant upside potential in the short term. They note that Bitcoin has been trading within a narrowing wedge range since mid-November, and the consolidation within the wedge leading up to Trump's inauguration was seen as a bullish signal. If Bitcoin can maintain its important support level, there is still bullish potential in the short term.



Other News from Today