20/01/25 Weekly outlook
2025-01-20
Category: None

Last weeks high: $106,467.97
Last weeks low: $89,292.15
Midpoint: $97,880.06

The Trump era begins...

January 20th 2025 is the date in which America sees its new Republican administration take office. An administration that has promised to embrace crypto instead of demonise it, one that wants the future of crypto to be built in the US, so far Trumps picks for SEC chairman and other important related roles have reflected that pro-crypto belief. 

However, launching a $TRUMP memecoin and the subsequent $MELANIA  memecoins just moments before inauguration in my opinion is a very bad start. Not only did the launch of TRUMP draw out liquidity from the altcoin market, it also damages the broader market just from an optics point of view. The general publics perception of crypto is it's full of scams, pump and dumps etc so to try and change the general publics mind the answer is to... Launch a memecoin... 
Now I'm fully aware Donald Trump himself probably has very little to do with this, just like most celebrity memecoins but I just don't see how this is a positive start for the administration in proving their pro-crypto stance. 

Bitcoin did have its highest weekly close of all time @ $106,500, which was $2000 higher than the previous ATH. +20% move from weekly low to high in anticipation for the potential Bitcoin strategic reserve announcement. Avoiding a SFP similar to that of week commencing January 6th will be a priority for BTC, we are in a rangebound environment so a SFP can have the potential to drop back down and undo a lot of the previous weeks progress. Until BTC breaks the rangebound environment and begins a trending move I will treat it as such. 

For this week I'm keeping a close eye on the Liberty Financial portfolio (ETH,AAVE,LINK,ONDO,ENS) & US based majors (SOL,SUI,AVAX, ADA, STX,INJ) etc. The play is definitely coins that will be directly influenced by this new US administration, at least for now I cannot see any liquidity go towards any other coins for the time being. 