What could trigger such a sharp price move?

6 วันที่ผ่านมา

Hello, my dear followers!💋

I hope You're all doing well and You had an amazing weekend!🫶 But now, let’s get back to our favorite topic: BITCOIN.😉

When can we expect a strong price movement? Such a move would present a huge opportunity for all of us!🙌🏻

What have I drawn on the chart, You ask?

Let’s break it down! The chart I’m showing you is a 2-hour timeframe.
Since December 17, 2024, Bitcoin has been moving in a downtrend, which means that as long as the price remains within the triangle I’ve outlined, the medium-term trend is bearish.

From the first sharp drop to the second sharp drop, there are 245 candles. Based on this, we can roughly estimate that the next significant price movement might occur within the same range of time—around the area marked by the yellow circle on the chart!

What could trigger such a sharp price move?

The inauguration of the new U.S. President and their first days in office could be the catalyst. Following the inauguration, the market may react strongly to any statements or executive orders. What will it be? Nobody knows, but I believe it’s going to be intense!

What Did Trump Promise Regarding Cryptocurrency?

Before the elections, Trump’s stance on cryptocurrency was a hot topic. He previously expressed skepticism about Bitcoin and other cryptocurrencies, stating that he preferred a strong U.S. dollar as the global reserve currency. However, during his campaign, he hinted at introducing stricter regulations for the crypto market to ensure transparency and prevent illegal activities.

At the same time, Trump also acknowledged the potential of blockchain technology for improving financial systems. If he follows through with his promises, we might see a combination of increased regulation and blockchain adoption initiatives, which could create significant volatility in the crypto market.

What do You think?🧐
Drop Your thoughts in the comments below!
Thanks for Your attention💋

Sincerely Yours,
Kateryna🩷

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UPDATE!!

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Let’s keep an eye on the queen of the crypto world—Bitcoin! Its direction will determine our next moves.

As long as I’m watching, everything’s under control. The divergence is just like it was during the last high. 😉