[Analysis] "Virtual Asset Market, Possibility of Bullish Trend After Trump's Inauguration"

Suehyeon Lee

Summary

It was predicted that the virtual asset market could see a bullish trend after the inauguration of "Donald Trump".
U.S. stocks and Bitcoin (BTC), among other virtual assets, show a strong trend for several weeks after the election but tend to cool down after the inauguration.
It was predicted that Bitcoin prices could face up to a 30% adjustment after the election.

The inauguration ceremony of Donald Trump, the President-elect of the United States, is scheduled for January 20, 2025. After the inauguration, there is a forecast that the virtual asset (cryptocurrency) market may see a bullish trend. According to data from Bloomberg and research institution MacroBond on the 3rd (local time), U.S. stocks and virtual assets like Bitcoin (BTC) show a strong trend for several weeks after the election, but tend to cool down after the president's inauguration. Especially if a Republican administration takes office, the initial market expectations are higher, but adjustments are also sharper later on.

There is also a possibility that Bitcoin may face up to a 30% adjustment after the inauguration. Ryan Lee, an analyst at Bitget, predicted, "Historically, looking at data trends, Bitcoin can drop up to 30% before reaching a peak. In this case, the price of Bitcoin could drop to around 70,000 dollars."

BTC