Golden Finance reported that veteran cryptocurrency trader The Crypto Dog recently said that the cryptocurrency market may not experience significant fluctuations before President-elect Trump is inaugurated on January 20. It speculates that this political event may become a key trigger for renewed bullish momentum in the cryptocurrency market. He believes that Bitcoin and altcoins may remain stagnant until the inauguration, mirroring market behavior in previous election cycles. According to its analysis, historical patterns show that Bitcoin tends to rise after a new U.S. president takes office. In 2021, Bitcoin rose more than 100% shortly after President Biden was inaugurated. Likewise, Bitcoin saw a major breakout around the time of the 2017 inauguration. Despite these observations, The Crypto Dog admitted that his predictions could be overturned if the stock market, especially the S&P 500, continues to rise. It highlighted the strong correlation between Bitcoin and traditional markets since the launch of the Bitcoin ETF, suggesting continued stock market strength could lead to a more optimistic outlook for cryptocurrencies in January.