Farcaster

Pseudonymous trader The Crypto Dog tells his 853,00 followers on the social media platform X that he thinks the market will not regain bullish momentum until President-elect Donald Trump is sworn into office.
The analyst believes that Trump’s inauguration on January 20th will act as a strong catalyst that sends Bitcoin and altcoins to greater heights.
“The inauguration likely acts just the same as election day – it’s going to pin us down until it’s over.
We’re not exactly bearish, but we’re probably not going higher until Trump is in office.
Just had a bunch of people excited longing the highs, they probably get rinsed now.”
Looking at historical data, The Crypto Dog notes that Bitcoin rallied in 2021 after President Joe Biden took over the White House.
“You can see how we behaved Jan 2021… Downtrend until inauguration then ripped +100% afterward.”