Will Bitcoin finally break the current resistance?

Is obvious that Trump victory and institutional buying are responsible for the current trend but will it sustain it. These movements were largely influenced by expectations of a more permissive regulatory environment under Trump's administration. Some analysts and even standard chartered have predict above $200k next year but that will require stronger fundamentals. Maybe Gary resignation and Paul Atkins crypto friendly regulatory policies but don’t forget Gary resignation will usher in altcoin season because even the news of his resignation sparked XRP to over $2.9, becoming the third largest market cap token.

Well, I saw some prediction of Bitcoin hitting the 100k hallmark after US presidential election which has happened so now what next? Same people have start speculating that we might have the longest bear market once bitcoin set it ath after Trump assume office, what will be this ATH? We might need a very strong fundamental to push for $200k hallmark but we will definitely get there.

submitted by /u/Donsaudi29 to r/btc
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Quelle: bitcoin-en