Price action looks a bit stagnant just short of 100k. I do believe there is a strong probability that we head to test that, but would personally like to wait for a retest before it heads back above $100,000
Bitcoin speculations board is the right place for this discussion so you consider moving this thread to the right board.
LMO Bitcoin is very active and not stagnant as you say because judging from Bitcoin 24 hours price chart, you will notice a lot of volatilities untill now and Bitcoin still mentain the 100,000 + price which for me is still very far from saying it stagnant in nature, and as a matter of fact, the level of volatility in Bitcoin market since it first touched $100k and above is higher than the entire Bitcoin volatilities ratio for the whole of 2024, so we should expect a lot to happen in the coming year 2025, but Bitcoin is far from being stagnant at the moment.
Fundamentally, I think BTC has a good backdrop into 2025. With the return of Donald Trump and the new department of government efficiency (DOGE) run by Elon Musk, Bitcoin currently has some strong allies taking power. Additionally, we see a pretty strong setup for the US economy, amidst falling inflation and a consumer feeling stronger than recent years.
Bitcoin may not need any shitcoiner as Allie as per say and whatever Elon musk is doing on doge coin will have nothing to add or take away from Bitcoin, but yes US government may have a bit of impact on Bitcoin, but since what we expect from the president elect is positive policies towards Bitcoin, then we can say that we are heading into an exciting time for Bitcoin and all we need to do is to keep accumulating more Bitcoin as the time permit us.