Bitcoin and Trump's Pro-Crypto Shift What’s Next for the Market?

Wow, what a crazy week! Bitcoin came so close to hitting $100,000, which is definitely what I consider a bull market. Right now, I’ve identified two key levels. If Bitcoin does reach $100,000, expect some resistance and possibly a pullback. The first level of resistance is at $95,218, with the next one at $90,247 for support. I’m keeping an eye on $79,985.

Now, with the 2024 election behind us and Trump winning, there's a new layer of excitement. Trump has become more pro-Bitcoin, signaling support for cryptocurrencies in his second term. His advocacy for Bitcoin could lead to a more favorable regulatory environment, which would likely encourage more investment in digital assets. If this happens, Bitcoin could see even more institutional adoption, making it an exciting time for the crypto market. However, predicting the market is still tough, especially with the political landscape constantly shifting. Best of luck to everyone navigating this market!