I would say it depends on what situation a person is.
And if needed, he can wait for the correction to happen first to get better positions for himself.
In any case, you are right overall - the rally for BTC isn't over at all yet.
We already saw Bitcoin price break $100,000 today so our dream coming without we can notice. The highest price was at $104,xxx if I am not mistaken but now, the price have a little correction. The market is on green so there will be a chance to increase more. Yes, the rally for Bitcoin isn't over at all and this is the next phase that Bitcoin gets while Bitcoin price can increase more than now.
But we can't deny that having a president who openly supports bitcoin will help things move faster.
It's true that history is repeating itself, we are in a bull season so Bitcoin's price increase and ATH is just a matter of time. But things will move more slowly if we lack catalysts like ETFs or a pro-bitcoin president winning the election. As people say the bull season will only be triggered and the halving event is the catalyst, can someone explain why Bitcoin hit $73k before the halving? Obviously there are many factors that impact the market and the market moves on news so there is no denying Trump's role in this rally.
There are many predictions that bitcoin will hit $1 million and I wonder if Trump doesn't publicly support bitcoin and float the idea of making bitcoin a national reserve. Who would have dared to dream about bitcoin price reaching $1 million in this cycle?
Yes, you are right. Having a president that will support crypto can be the positive news and can boost the price to increase more as what we see today. We will be glad if the history is repeating itself so we can prepare to place our Bitcoin into our target sell price.
From today, we will see many more predictions from people about how higher Bitcoin price will be. But we don't have to take it too serious because they can only predict without knowing the truth. I am sure Bitcoin investors dream about Bitcoin price reaching $1 million but not in this cycle. Maybe reaching that price will need one or two cycle.