Bitcoin is predicted to rebound above macro trends by early 2025, with current volatility linked to the upcoming US Presidential Election creating a two-month delay. Analyst Keith Alan, co-founder of Material Indicators, suggests that the election outcomes could influence short-term BTC price movements, indicating a potential market response to a Trump victory or a Democratic retention of power. Alan emphasizes that Bitcoin is unlikely to reach a new all-time high before the election results are finalized, with critical support levels failing to hold amid the current turbulence. Looking ahead, the market may remain subdued until Inauguration Day on January 20, 2025, when a clearer trajectory for Bitcoin may emerge. Despite short-term uncertainties, forecasts indicate that Bitcoin could return to its macro trend trajectory by Q2 2025. The 50-week moving average at approximately $59,200 remains a key resistance point, and analysts are keeping an eye on potential price movements toward this mark as the market navigates through political upheaval.

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