Bitcoin's price recently dropped to $92,508 from a high of $102,357 earlier in the week, marking a 10% drop. This decline was triggered by rising US Treasury yields after unexpectedly strong economic data reignited inflation concerns.
Despite this setback, analysts suggest that the upcoming Trump inauguration could be a BUY OPPORTUNITY for Bitcoin 🚀.
Historically, Trump’s economic policies, including tariff announcements, have had less inflationary impact than anticipated. This time, the need to refinance $7 trillion in US debt may pressure the Federal Reserve to keep interest rates lower and potentially inject liquidity into the market.
Global factors, like potential economic stimulus from China and moderate inflation levels (around 3-5%), are also expected to support Bitcoin’s price. Analysts predict a shift from the current "sell the news" sentiment to a "buy the news" rally post-inauguration, as liquidity returns and central banks ease policies.
💡Pro Tip: Make sure to pay attention to the market and keep your accounts well-funded so you're ready to seize the opportunity when it comes!