Bitcoin Price Predictions: What's Next for BTC After Disappointing Inauguration Day?

In a move that dashed high-flying expectations, US President Donald J. Trump ended his first day in office without issuing any crypto-related executive orders

Fresh from his inauguration, US President Donald J. Trump has yet to issue any crypto-related executive orders or mention the much-hyped Strategic Bitcoin Reserve he teased during the Bitcoin 2024 conference in Nashville.

As a result, Bitcoin’s price, which had soared to nearly $110,000 on hopes of a landmark announcement, retreated swiftly once it became clear the inauguration address would offer no explicit nod to digital assets.

Now, with BTC hovering in what analysts describe as no-man’s land, the market looks to the White House for any indication that Trump’s earlier pro-Bitcoin rhetoric might translate into action.

Crypto analyst CRG (@MacroCRG) encapsulated the uneasy sentiment on TradingView, claiming that “crypto feeling a bit directionless” could quickly change if Trump simply mentions Bitcoin.

CRG argued, “but all its gonna take is 1 mention from Trump and it sends IMO. Trump’s team bought 9 figs of crypto yday, wont be long until they start blasting hopium.”

Some observers maintain that Bitcoin’s overarching technical indicators remain favorable. Markus Thielen, a researcher at Matrixport, commented on TradingView that “since mid-November, Bitcoin has been trading within a narrowing wedge,” stifled by conflicting signals—ranging from higher inflation data to hopes of a supportive White House.

Thielen explained that Trump’s inauguration served as a catalyst for Bitcoin to break out of that wedge, but whether this breakout can hold depends on BTC maintaining support around the upper boundary. “Bitcoin is now retesting the breakout level, which corresponds to the upper boundary of the wedge. If Bitcoin holds above this key support, the short-term outlook remains highly bullish, with the breakout signaling renewed upward momentum,” Thielen writes.

Renowned analyst Rekt Capital (@rektcapital) pointed out on TradingView that Bitcoin managed to retest key levels, notably at $101,000. While the market saw a harsh rejection from its range high, Rekt Capital emphasizes that this retest of both the “red diagonal” and the “black Range Low” is a strong sign that BTC might consolidate in the $101,000-$106,000 corridor before potentially marching higher again.

Meanwhile, trader Crypto Chase (@Crypto_Chase) hinted at a willingness to go long if Bitcoin dips to around $99,500. He noted: “I’d take a long from 99.5K~ if offered. I think gray box needs to hold for local bullishness and sweeping all the Trump leadup / news PA makes sense. I’d also accept a sweep of the 97K low, but that’s farthest it should go. Any good amount of time spent past 96-97K and my plan / read is likely off. Inval low 90’s, aiming for new ATH’s. 3R~ trade.”

Despite Wednesday’s disappointment, many believe the president’s pro-Bitcoin stance remains intact. David Bailey, CEO of BTC Inc. and a key figure in Trump’s shift toward a more Bitcoin and crypto-friendly position, took to TradingView today, revealing: “Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh.” Bailey also stated these include “EOs related to Bitcoin or crypto,” leaving open the possibility of a sudden policy bombshell.

Should such an order materialize, markets could quickly pivot back into bullish territory. For now, however, traders and investors remain in limbo, awaiting that elusive official statement or executive order—from the White House that might reignite Bitcoin’s momentum.

At press time, BTC trades at $103,182.