Bitcoin Struggles for Direction After Trump’s Inauguration Without Crypto Orders

US President Donald J. Trump did not announce any crypto-related executive orders during his inauguration, disappointing expectations for a Strategic Bitcoin Reserve announcement. As a result, Bitcoin price, which had approached $110,000, quickly fell.

Current Market Outlook for Bitcoin

Bitcoin is currently trading in a range described as "no-man's land."
Analysts are waiting for indications of Trump's pro-Bitcoin stance to materialize into action.
CRG noted that a single mention from Trump could shift market sentiment significantly.
Markus Thielen suggested Bitcoin is testing key support around an upper wedge boundary, with potential bullish momentum if it holds above $101,000.
Rekt Capital identified important retest levels, indicating possible consolidation between $101,000 and $106,000 before a potential uptrend.
Trader Crypto Chase expressed interest in going long if Bitcoin dips to approximately $99,500, emphasizing the importance of maintaining levels above $96,000.
David Bailey mentioned that executive orders related to Bitcoin or crypto may still be forthcoming, which could shift market dynamics positively.

As of now, Bitcoin is trading at $103,182. Investors remain cautious and await further developments from the White House.