In this solo market analysis, Qamar "Q" Zaman explains why Bitcoin’s price dropped after the 2024 U.S. election despite expectations that a Trump presidency would be crypto‑friendly. He attributes the decline to a classic buy‑the‑rumor/sell‑the‑news dynamic, broader macro‑economic uncertainty, lingering regulatory ambiguity, profit‑taking by large‑holder whales, and Trump’s historically mixed statements on Bitcoin. Zaman then walks through a detailed technical analysis, outlining current support and resistance zones, moving‑average positioning, and key indicator readings (RSI, MACD, Bollinger Bands). He projects short‑, medium‑, and longer‑term price ranges for the next 60, 90, and 120 days, noting both bullish breakout possibilities and downside baselines. The video also surveys institutional sentiment, highlighting continued whale accumulation, the impact of the U.S. spot Bitcoin ETF, corporate adoption trends, and the bullish outlook of MicroStrategy’s Michael Saylor, who envisions Bitcoin eventually surpassing gold’s market cap. Zaman concludes that while the near‑term correction is real, Bitcoin’s long‑term fundamentals remain strong, urging viewers to monitor macro trends, institutional moves, and technical signals. He ends with a call‑to‑action inviting viewers to connect with him for deeper crypto discussions and personal‑branding services.
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Why is Bitcoin dropping if Trump supports crypto? Explores why Bitcoin's price has dropped despite expectations that a Trump presidency would be favorable for the cryptocurrency. Key reasons include: 1. Buy the rumor, sell the news effect. Traders anticipated a Trump win would boost Bitcoin and priced it in early, leading to profit-taking when his position became more certain. 2. Macroeconomic and market uncertainty. Factors like interest rates, Global slowdowns and stock market volatility have pressured risk assets, including Bitcoin. 3. Regulatory uncertainty: While Trump may be more crypto-friendly, unclear regulations make investors cautious. 4. Profit-taking by whales: Large holders who accumulated during the rally have sold off, temporarily pushing prices down. 5. Trump's mixed signals: He has historically criticized Bitcoin, and while his stance has softened, markets need clearer policies before reacting positively. Bitcoin price action and key levels. Recent trend: Bitcoin hit an all-time high of $109,228 in early 2025 before dropping over 20%. Support levels: $80,000 to $82,000, $74,000, and $64,000. Resistance levels: $90,000, $98,000 to $100,000, and $109,000. Trend outlook: Bitcoin is in a corrective phase but remains above its 200-day moving average, suggesting a long-term uptrend unless major support breaks. Technical indicators: RSI recently oversold, suggesting potential for a short-term bounce. MACD bearish on the weekly chart but could signal reversal soon. Moving averages below the 50-day MA but holding above the 200-day MA, indicating long-term bullish potential. Bollinger Bands tightening, hinting at an upcoming breakout. Bitcoin price forecast: 60 days expected range $80,000 to $100,000. Relief rally possible if support holds. 90 days $90,000 to $110,000. Potential to retest all-time highs. 120 days if history repeats, $120,000 plus is possible. Otherwise, $65,000 to $75,000 could be a base before another rally. Institutional sentiment. Whales have been accumulating Bitcoin despite the correction. Institutional investors reduced exposure in February but have started buying again. The US spot Bitcoin ETF and growing corporate adoption could drive demand. MicroStrategy holds 500,000+ BTC and continues accumulating. Saylor believes Bitcoin will surpass gold's market cap, eventually reaching $1 million+ per BTC. He sees institutional adoption, ETF approvals, and banking integration as key growth drivers. Final thoughts. Despite the short-term downturn, Bitcoin's long-term fundamentals remain strong. Investors should watch for macroeconomic trends, institutional moves, and technical signals for the next big price action. Want to dive deeper? Connect with Qamar Zaman. Qamar Zaman, founder of Coffee with Q, is always up for a good conversation on crypto, digital media, and blockchain. He also helps businesses enhance their media presence and personal branding. If you're looking to learn more or want to explore how your business can thrive in this space, he's the go-to person. Reach out for a conversation that could reshape your perspective.
