Arguably one of the biggest tailwinds Bitcoin has ever had is about to be put behind it when Donald Trump is sworn in as the next US President later today.

Having already surpassed all-time highs at the start of frenetic trading on Monday, what the rest of the day might bring for Bitcoin can only be guessed at. An unprecedented surge In early trading, the price of Bitcoin surged 10% to hover above $109,000 on Monday.

This happened in the space of about eight hours. A surge like this in such a short space of time is unprecedented in the history of Bitcoin. There are still many hours left in the day...

This incredible occurrence could trigger a final stage of the bull run that can only be imagined. Trump has said he wants to make crypto a priority, and this change in fortunes for a fledgling asset could only have been dreamed of a few months ago.

From the Biden administration’s firm and uncompromising anti-crypto stance, a handover to a welcoming and supportive Trump administration will have the effect of freeing the cryptocurrency industry from its shackles and giving it wings.

Big Buyers Help the CauseRight on cue, US Spot Bitcoin ETFs bought the 5th largest amount of $BTC with an inflow of 9.76K on Friday, which equates to $975.60 million. This is in addition to inflows of $755.10 million last Wednesday and $626.10 on Thursday. It is also worth noting that MicroStrategy usually announces a purchase on Monday.

Michael Saylor already hinted at this on his X account on Sunday, where he posted a chart of all MicroStrategy purchases, and the statement: “Things will be different tomorrow.” Healthy pullback followed by massive rally Source: TradingView The daily chart for $BTC is looking pretty good.

The very healthy retracement back to the descending trendline from the top of the wedge was followed by the massive rise to and beyond the previous all-time high of $108,300 that was set on December 17th. New high touched $109,300, but that may not last long. Weekly and biweekly stochastic RSIs signal major price momentum

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