We know that any big new news in crypto always drives the market up a lot, as was the case with the election of Donald Trump. Even until Donald Trump is sworn in, there will be hype in crypto, especially Bitcoin. The hype will be low after the inauguration in January. And after 3-4 months the market will start going down and a big crash will be seen in the market as before. This may happen after April. Crypto will always give us an opportunity to capture the market but will become more and more expensive as time goes on
I think over the years of crypto currency, every positive news about Bitcoin has always made a positive surge to the price, and so has that of Donald Trump. Though, knowing very well that it is his own method of gaining voters for his campaigns.
Prior to the Presidential inauguration, there will be a price hype, and any positive news on Bitcoin by the President will lead to a new ATH and breaking new highs repeatedly. The Fed Reserve which is also said will be made in Bitcoin will boost the price of Bitcoin. If there will be price range in the market, I don't think it will lead to bear market, rather it will be an opening for another market entry position.
That's just one of the problems. Every day fewer people can invest in Bitcoin (fortunately it is possible with other cryptocurrencies) due to the values that are being reached. And that is something that will continue to happen, since even if we see an aggressive market decline, the recovery is usually very high, so the entry of new small investors is very limited, only large investors with billions will be able to access.
Trump's return to power and his words about Bitcoin are responsible for what I have said, but I think Musk is the most relevant person in this whole story, since as we know, he has been talking about Bitcoin and Doge on Twitter/X for years, for that his words have a lot of weight in the market.
The market will become tighter than ever for new investors who are investing into Bitcoin as little investors cause every Satoshi will become worth more value than it used to.
Trump and Musk being on the same side and they both having positive effect on the crypto industry over the years will give more rise to the price of Bitcoin. Musk has more effect in the crypto market and as a lover of tech, and crypto currency his influence do affect the price of the market too.
Taxation will be one thing that will come in after the inauguration of President Donald Trump to both crypto enthusiasts and exchanges, as I'm sure he is not going to be joking in attaining the standard of US.