Bitwise CEO predicts Trump administration to boost crypto mergers

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 06 2025

Should l Buy TRUMP?

Corporate Power and Crypto Demand: Hunter Horsley, CEO of Bitwise Asset Management, links the potential deregulation of mergers and acquisitions under the Trump administration to an increase in cryptocurrency demand, as large corporations may consolidate power, driving interest in decentralized systems.
Market Growth Post-Election: Following Trump's re-election, the cryptocurrency market has experienced significant growth, particularly with Bitcoin surging over $100,000, attributed to favorable regulatory changes and increased corporate interest in blockchain technology.

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Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.781	2.4	3.057	3.676	4.333	4.952	5.609
Fibonacci	2.4	2.888	3.189	3.676	4.164	4.465	4.952

About TRUMP

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About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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