Obviously, it is visibly clear what is happening on the crypto space now. I have no doubt big companies have started investing n bitcoin coupled with those of them secretly doing that. Some have already started taking their position waiting for trumps inauguration as it would likely cause another pump in price of bitcoin while other are just waiting to be sure and upon inauguration, they take their position. I strongly believe that bitcoin is in for bull the next five years of Trumps regime and currently this retracement is a sign of impending pump about to be experienced in the crypto space. If you could recall, Trumps election victory saw bitcoin pumping very fast to $100k talk more of when he is inaugurated and rules for his next full tenure in office.
Indeed, If we consider the existing trends, it is possible to note that the crypto market does provide many signals that interest a number of parties, including enormous companies that are beginning to undertake tactical steps. The rate a few days ago that reached $104K is an occasional rebuff but it marks that a great prospect can be repeated in the future. We can then counteract it, by going on with following the updates and developing proper tactics. If many careful measures are taken, the opportunity to reach maximum performance will be much wider open.
That's what we observed after Trump won the US presidential election, because many new investors bought bitcoin, big companies and maybe secretly there are many companies and investors who bought bitcoin so that the price of bitcoin reached ATH at $ 103K.
And for those who wait after Trump's inauguration, then buy bitcoin they will be left behind from those who bought bitcoin before.
Bitcoin’s significant price movements show how big decisions can affect the market. For those who got in late, the opportunity to get in at a lower price may have passed, but opportunities still exist with the right strategy and constant monitoring. We can continue to learn from past market experiences to make more informed decisions in the future.