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Homepage > News > Editorial > Trump’s return: Bitcoin & beyond In the world of investing, the age-old adage “The trend is your friend” is as relevant as ever. Recognizing a strong trend and understanding how to capitalize on it can be the difference between sitting on the sidelines and making meaningful gains. While I firmly believe that BSV will ultimately take the lead as the most significant blockchain in the world, BTC’s market dominance is flashing bullish signals right now, and that should not be ignored for the rest of the year.  BTC is displaying a classic “Breakout, Retest” pattern, a reliable indicator of potential growth, and all signs suggest that it could outperform other assets in the short term. For those unfamiliar, here’s a brief breakdown: a long-term trend line represents psychological resistance when BTC trades below it, marking where market sentiment prevents it from climbing higher. BTC/USD has been trending below this line since early 2021, with upward momentum building over the last 18 months. Finally, BTC has broken through this resistance line, signaling a bullish reversal that could result in months of positive movement. If BTC holds above this line, it would signal a shift in liquidity flowing into BTC from other blockchain assets. A major catalyst behind this move is Donald Trump’s return to the White House. As polarizing as his previous administration was, his re-election could bring policies likely to support American industries and energy production—a favorable environment for BTC miners. Trump’s focus on energy independence, deregulation, and incentivizing domestic production positions BTC miners well. There’s also the fact that he has overtly come out to state that he will be a “crypto friendly” President and specifically block the creation of an American central bank digital currency (CBDC), so the perception that his administration…

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Filed under: News - @ November 12, 2024 2:19 pm