BBX Logo

Analysis: Community pays attention to Bitcoin or sees' God Candle 'trend near Trump's inauguration day

2024-12-21 10:19

According to News.bitcoin, the cryptocurrency market has been unpredictable in recent days, just like the shutdown of US government agencies. There are reports that the US government is about to shut down due to stalled spending negotiations, which historically has affected the market in various ways. Due to the disillusionment of short-term expectations among market participants, Arthur Hayes believes that the cryptocurrency market will experience a "dismal decline" near Trump's inauguration day. However, the cryptocurrency community is holding its breath to watch as Trump's inauguration may trigger a legendary "God Candle" trend (note: God Candle "refers to a significant increase in prices within a day, overshadowing peripheral activity on price charts). This means that the current market downturn is only a temporary calm and is a bear market stage in a larger bull market cycle. If the United States solves the 2025 budget problem and Trump implements multiple Bitcoin focused strategies to encourage the market, Bitcoin may experience a huge recovery. Of course, the real-time price trend of Bitcoin is still unclear at present. It is uncertain whether Trump's inauguration as the President of the United States will usher in the expected prosperity of the cryptocurrency market.

Loading...