Despite Bitcoin (BTC) 
$99,272 remaining below $100,000, experts maintain a bullish outlook for the cryptocurrency market. An analyst known as “The Flow Horse” expressed on social media platform X that the window for price increases remains open. This upward movement is predicted to continue until January 2025.
How Trump’s Presidency Might Influence the Crypto Market
The analyst indicated that the potential increase in the cryptocurrency market is supported by expectations surrounding Donald Trump’s possible presidency. They noted that Trump has signaled a shift towards crypto-friendly policies in the U.S., which they believe the market has already begun to price in.
The analyst remarked, “The market has priced in fantastical scenarios such as the U.S. creating Bitcoin reserves and Lummis’s proposal passing easily. However, this optimism may indicate a local peak that could deflate with Trump’s inauguration.” They predict that the existing optimism in the market may decline due to resistance against Trump’s policies.
Macroeconomic Outlook and Bitcoin’s Future
The Flow Horse also highlighted the current economic conditions. They emphasized that, unlike in 2020 when the Fed lowered interest rates to near zero, capital remains expensive today.
“If you believe that this cycle will surpass the previous one, you must have a clear thesis explaining how you will do so without the robust credit markets that supported the past,” the analyst noted, signaling the need for careful observation of this situation.
At the time of publication, Bitcoin was trading at around $94,455. Experts advise market participants to closely monitor the dynamics as the potential impact of Trump’s presidency on the cryptocurrency markets remains a subject of keen interest.
