Bitcoin Weekly Chart; Bitcoin Dropping Back Towards Levels Not Seen Since the Donnie Trump Election in November 2024; Bitcoin Falls to 60K on 2/5/26 Wiping Out All Gains after the Donnie Trump Election

The democrat-run media (CNN, MSNOW, ABC, CBS, NBC, PBS, MPR, New York Times, Washington Post, etc...) is champing at the bit to declare bitcoin at a lower price than when Donnie Trump was elected. It is all part of the divisive and scummy political game in crony America. Of course, the republican-run media (Fox News, Newsmax, OAN, New York Post, Breitbart, AM talk radio, etc...) will never utter a peep about bitcoin falling back to levels when Trumpski was elected.

Note how price fell in April 2025 with the broad stock market selloff, but it was saved with happy legislation talk from the Donnie administration. King Trump and his family are grifting off the cryptocurrency bandwagon so there is buttock-clenching occurring now as the price collapses.

Bitcoin runs up into the euphoric top at 125K and then it is all downhill from there. You can see the two-leg bear flag better and an H&S shown in blue as compared to the prior spaghetti chart. Let's call the H&S neckline at 76K since that equates to April lows and also when the orange one was elected. It is a key support level. The head is 125K so the difference is 49K, thus, if the neck at 76K fails, bitcoin would target 27K. Oh my. The Trump family will lose their shirts and be wearing barrels.

As the previous technical analysis explains, bitcoin is ready to pop with positive divergence on the daily chart but the weekly chart still needs the RSI and MACD to set up with possie d to call the bottom on the weekly basis. The monthly chart is trouble and forecasts more downside for the remainder of the year after a multi-week recovery move occurs.

On the 11/5/24 election, bitcoin was 69,360.

On 11/6/24, the day after election that Donnie Trump won, bitcoin was 75,640.

On 1/20/25, for the Trumpski inauguration, with Putin sending best wishes, bitcoin was 102,000.

On 10/6/25, at the peak of glory, bitcoin was 124,750.

Thus, mathematicians say thus a lot, with price at 76K, and low of 72K yesterday, bitcoin punctured the support on 11/5/24, but to be fair, bitcoin should fall below 69.3K before the democrat-controlled press can write the headline that bitcoin is below where it was at the election. But, as Americans know now, both sides will lie and use the media listed above to spew their corrupt narratives. Such is crony capitalism.

Bitcoin is at 76K now. 76 Trombones in the big parade, with a 110 coronets close at hand, they were followed by .....  In the 1960's and 1970's, most US high schools had a mandatory music class for all students. Of course, boys want to be macho and are hesitant to sing, things seem different nowadays, but Mrs Ference had a way of making students overcome the fear of embarrassment, that is what it essentially is, and everyone was singing in no time. 76 Trombones from the Music Man was a standard tune most high school music/chorus classes would sing. It is easy to remember the words even after many decades. That is a glimpse into the 'old America'. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 2/5/26: On 2/5/26, bitcoin falls to 60,075 wiping out all of King Donnie's crypto gains since the November 2024 election.