When to Expect a Comeback for Bitcoin
Bitcoin (BTC) is now trading at $93,761 (BTC/USD), which is 2.6% lower than it was trading a week ago. This is a crucial period for the token, since it is well below the record-setting highs it recently experienced.
Investors are rightly concerned about Bitcoin’s low price point at the moment, but we do expect the coin to bounce back very soon. This current state of the digital asset is similar to how it behaved earlier in the year during the last record high.
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Back in March of this year, Bitcoin set a record high of $73K. It did not maintain that high for long and quickly settled down to a range of $55K-$70K for much of the remainder of 2024. It was not until Donald Trump’s election victory in November that Bitcoin ever set a new high again. From there, it shot up to $108,268 but has recently collapsed down to sub-$95K levels.
Are we looking at another long period where Bitcoin does not climb back up to its record high and set a new record anytime soon? That is highly unlikely. The main reason why most market analysts think that Bitcoin is due for another surge soon is because its recent highs were predicated on an election victory and not on a tangible change in market factors. However, there are substantial factors that should change in the near future that ought to have a strong effect on Bitcoin and the cryptocurrency market.
What We Anticipate
Once Donald Trump is sworn into office, he should begin making changes to the current cryptocurrency regulatory framework. He has already made moves in that direction by promising to replace the current Securities and Exchange chair with Paul Atkins. He is expected to stand in stark contrast to the current chair Gary Gensler, who has been notoriously restrictive when it comes to the cryptocurrency market. A simple changeover there should make things easier for cryptocurrency to grow and evolve during Trump’s presidency.
Once Trump is in office, he will likely set up a governmental Bitcoin reserve. This could spur crypto trading by proving the US government’s confidence in the digital asset. It could also spur a similar reserve to be set up in Russia under President Vladimir Putin, as rumors coming out of Moscow have already hinted at.
These and other changes likely to occur in late January should pave the way for a massive Bitcoin comeback. There may be other factors that help the coin shoot past $100K before then, but investors should know that the current low price is a good buy-in point, and we recommend that they take advantage of that.

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