As Bitcoin navigates through a period of increased volatility, market analyst Lark Davis highlights patterns analogous to the last presidential election cycle, suggesting potential confidence restoration.
Davis points out Bitcoin's current pattern as mirroring its 2021 price action, indicating a possible "post-inauguration pump" before President-elect Donald Trump's inauguration.
Davis anticipates a potential price surge akin to the one promoting Bitcoin's peak in 2021, driven by Trump's promises to reshape crypto regulations.
Fellow analyst Doctor Profit remains optimistic, underscoring the need for Bitcoin to maintain specific price milestones to continue its upward momentum.