Since President Trump was inaugurated on January 20, Bitcoin (BTC) has fallen from $ 109,000 to $ 80,000, making it a classic “Sell the News” event. The correction has continued since the summit for digital assets on Friday.

While the award can dictate short -term bearishness, Bitcoin Bulls could see it as a long -term positive catalyst, as the US administration has been switched from a hostile attitude under the previous administration to a more favorable. However, the lack of immediate purchase pressure suggests short -term weakness.

A similar pricing arose during the highly expected launch of US Spot Bitcoin ETFs in January 2024. From October 2023 to January 2024, Bitcoin rose from $ 25,000 to $ 49,000-over a 40% rally. However, launch marked a local top as the price subsequently fell by 20% over the following weeks before finally reaching new high times over $ 73,000 in March.

This time, after President Trump won the US election in November, Bitcoin gathered 60% and hit a highest height of $ 109,000 in January before undergoing a nearly 30% correction.

The common pattern in both cases is that Bullish News triggered a local top in Bitcoin’s price, followed by a significant correction. The next variable is that Bitcoin begins to move higher after this correction is completed, with much dependent on the macro landscape.