Bitcoin (CRYPTO: BTC) has struggled to sustain upside momentum, with the post-election "Trump rally" almost entirely retraced.

Sell-The-News Takes Hold

Prominent analysts Crypto Cred and DonAlt argued in a podcast update that the much-anticipated "crypto presidency" has played out as a classic sell-the-news event, with price action failing to reflect bullish political narratives.

A move into the $68,000 to $71,000 range would represent a full reset of election-driven speculation and mark the first zone where a high-conviction long could make sense.

Despite pro-crypto rhetoric, the analysts said the asset class has been weighed down by broader geopolitical uncertainty, leaving prices directionless.

Bitcoin's weakness was amplified by the Oct. 10 leverage wipeout, which flushed out marginal buyers and damaged market-making liquidity.

With participation thinning and altcoins such as Solana (CRYPTO: SOL) repeatedly testing key support levels, they warned that breakdowns remain more likely than bounces.

For now, they recommend patience, either wait for a decisive reclaim above $95,000 or a deeper flush toward $68,000 that could deliver the capitulation needed to reset the cycle.

Liquidity Rotates Into Commodities

Crypto Cred and DonAlt also noted that liquidity and investor attention have rotated aggressively into commodities, with gold and silver entering what they described as a vertical, mania-like phase.

Bitcoin has failed to track either risk-on equities or traditional safe havens, instead underperforming across asset classes and behaving as one of the weakest major assets over the past quarter.

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