Bitcoin’s Rollercoaster Ride:Trump Effect or Market Speculation?
2025-01-21
Category: None

Bitcoin ( BINANCE:BTCUSDT ) has experienced strong  ups and downs  in the  last 48 hours . One of the main reasons could be the  inauguration of Donald Trump as the President of the United States , in which people and the crypto community expected Trump to talk about the  crypto market  in  his speech .

In one of the first steps,  Donald Trump  appoints pro-Bitcoin  Mark Uyeda  to replace  Gary Gensler  as Chair of the  SEC . But we have to see how  Mark Uyeda  will behave in  reality .

 Bitcoin's rise and fall  over the  past 48 hours  created a  new All-Time High(ATH)  for  Bitcoin .

 Bitcoin  is moving near the  Resistance zone($107,200-$105,500) .

The possibility of forming an  Ascending Channel  for Bitcoin in the  15-minute time frame  and the  upper line can be a Resistance line .

I expect  Bitcoin  to  fal l to at least  Cumulative Long Liquidation Leverage($107,632-$105,869) .

 Cumulative Short Liquidation Leverage: $100,807-$99,382 

 Note: If Bitcoin goes above $108,300, we should expect a new All-time High(ATH). 

 What do you think about the next movements of Bitcoin? Can Bitcoin make a new All-time High(ATH) again? 

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Bitcoin Analyze (BTCUSDT), 15-minute time frame.

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