- Bitcoin price is still holding strong despite some shake-up after Trump’s inauguration.
- Ethereum could soon outperform Bitcoin.
- Cryptocurrency analyst explains what the next few months could have in store for Bitcoin.
Bitcoin saw a sharp rise followed by a sudden drop after President Trump’s inauguration. His first executive orders made no mention of cryptocurrency or Bitcoin, contrary to expectations from some market watchers.
While many had hoped for crypto-friendly policies, Trump’s immediate focus remained on national security and energy reforms. This led some Bitcoin holders to panic-sell, though others believe Bitcoin could still gain recognition as a strategic reserve asset.
However, Bitcoin’s dominance still holds strong, and even though the total market cap had some fluctuations, it’s maintaining its position. For now, the signs are still positive for Bitcoin and the broader market, with Ethereum also holding steady.
Related: Trump Family Crypto Project Acquires $112.8M in Bitcoin, Ethereum After Inauguration
What’s Next For Bitcoin Price?
On The Sniper Trading Show, the analyst explained that Bitcoin remains on track to reach $130,000 by the end of January or early February. After this milestone, a market shakeout could trigger an altcoin rally. The forecast includes a continued upward trend, with Bitcoin possibly hitting $170,000 to $200,000 by March or April.
However, the analyst warned of a potential mid-cycle correction in May, with the market expected to peak by July or August; after that, a retrace likely by year’ end. The traditional four-year cycle may no longer apply according to the analyst.
Will Ethereum Outperform Bitcoin?
Ethereum is preparing for a major surge, with some analysts predicting it will outperform Bitcoin in the next market cycle. Historical data supports this optimism.
Looking at historical patterns, the last two times a new president took office, Ethereum saw a surge. In 2017, Ethereum outperformed Bitcoin by as much as 1,200%, followed by a 250% gain in the subsequent cycle. Current conditions suggest Ethereum could follow a similar path.
That said, Ethereum’s dominance may be challenged by other strong players, including XRP, SOL, and other rising altcoins. As such, Bitcoin dominance may decrease even further. The market isn’t solely dependent on Ethereum either—multiple projects are now driving growth.
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