The current BTC price procedures are the procedure that was seen after the launch

Since President Trump opened on January 20, Bitcoin (BTC) has decreased from $ 109,000 to $ 80,000, making it a classic event “Selling News”. The correction continued since the top of digital assets on Friday.

Although the basic procedure may dictate the short -term landing, Bitcoin Bulls can be seen as a long -term positive catalyst, as the American administration has turned from a position hostile under the previous administration into a more convenient position. However, the lack of immediate purchase pressure indicates a short -term weakness.

A similar price procedure occurred during the long-awaited launch of US Spot Bitcoin etFs in January 2024. From October 2023 to January 2024, Bitcoin rose from $ 25,000 to $ 49,000-more than 40 %. However, the launch represents a local summit, as the price later decreased by 20 % during the following weeks before reaching the highest level ever above $ 73,000 in March.

This time, after President Trump won the US elections in November, Bitcoin gathered 60 %, reaching an ever level at $ 109,000 in January before undergoing approximately 30 % correction.

The common pattern in both cases is that the upscale news caused a local peak at Bitcoin price, followed by a great correction. The next variable is whether Bitcoin will start moving higher after the end of this correction, with a lot depending on The total scene.