
Bitcoin price is currently experiencing a decline, with the possibility of further drops below $90k.
While bearish sentiment dominates, the MVRV indicator suggests a potential rebound.
Despite current bearishness, long-term factors like mainstream adoption, institutional investment, govt support suggests a bullish future.
Bitcoin (BTC) slid below $95,000 during Wednesdayโs mid-morning New York trading session, reinforcing short-term bearish sentiment. The cryptocurrency has struggled to regain upward momentum since mid-November, leaving investors wondering whatโs next.
The upcoming second inauguration of pro-crypto President-elect Donald Trump
Donald Trump
Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.
Quick Facts
Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician
Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.
Donald Trump - Career Highlights & Events
2016 – Elected as the 45th President of the United States from the Republican Party. 2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments 2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money" 2024 – Campaign signals potential openness to crypto-friendly reforms 2025 – Elected as the 47th President of the United States from the Republican Party.
A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.
President has created excitement in the market. However, analysts caution this could turn into a โsell-the-newsโ event, with the hype prompting profit-taking. Adding to the uncertainty, Bitcoinโs Futures Open Interest (OI)โa measure of midterm market expectationsโhas been flat for two months, signaling hesitation among traders.
Will Bitcoin Fall Below $90K?
Concerns are growing that Bitcoin could dip below $90,000 in the days ahead. Yet, thereโs hope for a turnaround based on the Market Value to Realized Value (MVRV) indicator, which is currently above the 1-year Moving Average (MA) of 2.18. Historically, this suggests a potential rebound may be coming.
Bitcoinโs price has only traded above a 3.2 MVRV ratio on 5% of days in its history. This level, often linked to โextreme euphoria,โ could push Bitcoinโs value to approximately $132,000 if reached, according to Glassnode.
- Also Read :
- Fidelity Digital Assets Expects More Nation-States, Central Banks To Buy Bitcoin In 2025
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Market Picture
Despite recent struggles, Bitcoin continues to attract interest from institutional investors. Confidence in Bitcoin as a reliable store of value is rising, and more funds are expected to flow from traditional assets like gold into the cryptocurrency.
Additionally, the Trump administration has hinted at adopting a strategic Bitcoin reserve for the U.S., a move that could inspire other nations to follow El Salvadorโs lead. With growing demand from long-term investors, Bitcoinโs limited supply could drive further price increases.
For now, all eyes are on whether Bitcoinโs next big move will confirm the anticipated rebound or extend its bearish trend further.
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FAQs
Predictions for 2030 vary, but analysts foresee Bitcoin potentially surpassing $500k, driven by adoption, scarcity, and institutional demand.
By 2050, Bitcoin could reach $1M+ driven by finite supply, global adoption, and institutional investment, though predictions remain speculative.