Bitcoin author reacts to Bitcoin’s bull rally, reveals fresh reason behind the surge  

Andrey commented on the bull rally sweeping through the crypto market with a focus on Bitcoin while giving his prediction on whether the surge will continue or subside.

He agreed that the bullish run sweeping through the market was heavily influenced by Donald Trump’s victory in the polls.

However, he highlighted other factors playing a role in the surge of the primary crypto asset.

In his assertion, he also pointed out the increase in trading volumes following the bull run compared to October. He pointed out that November’s Bitcoin trading volume is already at the same level as the trading volume recorded for the whole of October.

“ Bitcoin’s price rise is related to Trump. His loud statements were heard by the public. Although there are no very high trading volumes, they are still higher than in October.  

For half of November alone, trading volumes are the same as the entire month of October.

I think that by the end of November, the volume will be 2 times higher than it is now.” Andrey stated.

Andrey commented on Bitcoin’s price surge stating that the best of the surge is yet to come. He believes that while it is still possible for Bitcoin to cross the $100,000 mark before the end of the year, the best of the surge will come after Trump’s inauguration.

Donald Trump will be inaugurated on January 20, 2025, and the Pro-crypto administration is expected to kick off on that day.

Andrey believes that the effect of the start of Trump’s administration would definitely reflect on Bitcoin’s price pushing the asset to new heights.

Andrey is a crypto analyst and the author of a book that employed mathematical methodology to predict Bitcoin price up to the year 2050.