Trump’s victory has got crypto investors buzzing, wondering if it’ll send Bitcoin soaring.
The market’s already seen a taste of what might happen. Bitcoin’s price jumped after the news, hitting a new high.
History Repeating?
Crypto analyst Tony “The Bull” Severino noticed something interesting: Bitcoin tends to climb after US elections, but it goes even higher when Trump wins.
He pointed to 2016. Bitcoin was around $725 then. After Trump’s win, it went on a seven-week rally, setting the stage for its big climb in 2017.
Now, with Bitcoin trading around $76,000, Severino thinks history could repeat itself.
$170,000?
Severino even thinks Bitcoin could hit $170,000! He used a technical analysis called Elliott Waves to predict that Bitcoin is about to enter a powerful bullish phase, pushing it to that price by 2025.
The Future’s Looking Bright
For now, Bitcoin’s on a roll. It’s setting new highs, and the market’s feeling bullish. It’s possible this rally will continue, especially when Trump takes office in January 2025.
Only time will tell if Bitcoin will reach the moon, but one thing’s for sure: Trump’s win has definitely sparked excitement in the crypto world.
