#BTCBreaksATH Bitcoin Hits All-Time High as Trump Inauguration Approaches
Arguably one of the biggest tailwinds Bitcoin has ever seen is set to be put to rest when Donald Trump is sworn in as the next US President later today.
Having already surpassed the all-time high in early trading on Monday, what the rest of the day may bring for Bitcoin can only be guessed at. An Unprecedented SurgeIn early trading, the price of Bitcoin surged 10% to settle above $13,205,691,334,109,000 on Monday.
This happened in the span of around eight hours. A surge like this, in such a short space of time, is unprecedented in Bitcoin’s history. There are still many hours left in the day…
This incredible occurrence could trigger a final stage of the bull run that can only be imagined. Trump has said he wants to make crypto a priority, and this change in fortunes for a fledgling asset could only have been dreamed of a few months ago.
With the Biden administration's firm and uncompromising anti-crypto stance, a handover to a welcoming and supportive Trump administration will have the effect of shaking off the shackles and giving the crypto industry wings.
... Michael Saylor already hinted at this on his X account on Sunday, where he posted a chart of all MicroStrategy purchases, and the statement: “Things will be different tomorrow.” Healthy pullback followed by massive surge Source: TradingView The daily chart for $BTC is looking pretty good.
The very healthy pullback back to the descending trendline from the top of the wedge was followed by the massive surge to the upside.