More bullish trend ahead? 🪙I believe so! 🚀

With Trump 2.0 what I would be seeing is a great deal of inflation ahead. 📈

As Trump would seek Americans and corporation to reduce tax, this may theoratically increase spending power which leads to higher CPI 🛒 and higher inflation.

Sentiments will likely to be seeking safe haven 🏡 of protective assets during inflation.

With the FOMC planning to cut interest rate further this would be a double whammy in the inflation.

So is the FOMC influenced by the pressure of government? Or is the the other way round?

Instead of worrying about those factors why I am bullish based on a technical perspective.

Disclaimer: This is my own opinion and is for education purpose. It is not a recommendation to buy or sell. Please do your own Due diligence.

Weekly candle indicates that there is a highly likely run up next week! 🚀

Currently, the price of BTC is hovering above the 20 MA, MACD had crossed a golden cross as well as an uptrend direction in the RSI.

Probably beyond the 76k price

With such a huge run up, the daily will indicate that today will probably have a pullback. Happening. RSI still above fair strength but pulling back to the down trend. Fair value gap may indicate back to 73k for support and second strong support at 70k MACD showing a bullish sign. If it fails to support, a possible break below back to 66k.

Overall medium to Long term I am seeing a more bullish trend ahead after a pullback.

Stock which buys bitcoins 🪙

Stocks that are mining bitcoins

Alright folks all the best!

Congratulations Trump for being the 2nd term president! 🥂