2024, #btc which started with 67k on November 5, followed a parabolic run after Donald Trump won the US elections and reached almost $100k. If we compare it with 2016, I expect the rise to $110k to continue and a healthy correction to occur before Trump officially takes office on January 20, after which the parabolic run will continue harshly.
It should definitely be noted that Bitcoin is in a bull run and such corrections will not be permanent and will serve as fuel for a major rise.
I would also like to point out that this comparison is just an opinion and does not contain financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.