Bitcoin holders have been watching the market closely since Donald Trump returned to the White House, and initial bullishness surrounding Trump’s election has been quickly eroded by his policies. Over the first 300 days of Trump’s presidency, the market has been in a bearish environment, and the Bitcoin price has struggled to rise, as Trump moves back and forth with tariffs, especially with China.
Bitcoin Price Struggles Early In Trump’s Term: Weak Momentum And Deep Dips
According to the chart, Bitcoin lost its footing almost immediately after Trump took office. Within the first 40 days, the price fell below the 0% mark and continued sliding toward –10% and then –20%. This decline was triggered by the tariff announcements that came at the start of Trump’s administration, signalling the start of what has been a bearish administration so far despite Trump’s pro-crypto stance.
Instead of stabilizing quickly, Bitcoin remained stuck in this lower range for weeks. From approximately Day 40 to Day 90, the price traded mainly between –10% and –20%, indicating a market lacking confidence and little upward momentum. There were small upward pushes, but none created a breakout or a lasting trend.
By the time Bitcoin reached Day 100, the market still looked undecided. Small recoveries kept bringing the price close to the neutral line, only for it to fall back again. The repeated swings around 0% suggest the market was not ready to commit to a strong rally.
Some Recovery, But No Real Strength Through The Mid-Term
The Bitcoin price saw a recovery through, as the trade wars began to ease off, eventually hitting a new all-time high above $126,000. However, this uptrend did not last long, with the US government shutdown bringing the market down once again.
Now, even with the shutdown ending and the US government expected to resume, as well as Donald Trump announcing a $2,000 rebate check for Americans, the Bitcoin price is still struggling, and has now fallen below the $100,000 psychological level for the second time this month, crashing sentiment with it.
So far, the data suggests that Bitcoin has been moving in a weak, cautious market environment since Trump became president. Instead of strong rallies or sustained growth, the chart reveals extended periods of negative performance, brief and small recoveries, declining momentum after each attempt to rise, and no clear upward trend over 300 days.
The price performance reflects a market dominated by uncertainty and caution. Traders may be hesitant to take significant risks, and the Bitcoin price, currently trading 20% below its all-time high, has not displayed the strong, rapid growth many anticipated. Without a major market catalyst, this slow and unstable trend is likely to persist.
Featured image created with Dall.E, chart from Tradingview.com
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