#CryptoSurge2025
$BTC
Reviewing previous milestones, the market surged in anticipation of some events like ETH MERGE, BTC ETF, ETH ETH. However, after approval, the price dropped sharply.
Similarly, BTC recently surged in anticipation of Trump - a staunch supporter of crypto - winning the election. Now that Trump has officially taken office, $BTC after climbing to 110k, it has formed a double top pattern on the 1D chart. I think BTC will trend down sharply in the near future, down to fill the GAP in the 7x region that is still left after a period of crazy price increases.
Additionally, the internal turmoil of Queen $ETH suggests that the market outlook will be quite bleak in the near future.
A bit more about the global political situation, we often see that whenever a war breaks out, BTC tends to rise sharply with gold, as in the Russia vs Ukraine conflict, and the volatility in the Middle East... but 2025 will be a year of peace-building, and the market will move in the opposite direction.
That is why I believe BTC will decrease in price in the near future.