Bitcoin Hits $75,000 as Donald Trump Ahead in Race to the White House: Here are the Key Levels to Watch

Share This Post

Donald Trump's Crypto Project

The post Bitcoin Hits $75,000 as Donald Trump Ahead in Race to the White House: Here are the Key Levels to Watch appeared first on Coinpedia Fintech News

After tapping the bottoms multiple times, the Bitcoin bulls have constantly pushed the price. As a result, the price has formed a new ATH at $75,000, which was largely expected. The rally has been fueled by the ongoing U.S. election results, mainly due to Donald Trump taking a lead against the Republican opponent, Kamala Harris. Trump is believed to have a positive perspective on the crypto space and hence the markets and the BTC price are believed to trigger a bull run after his win. 

Bitcoin hits $75,000 after having a bearish start for the month. How high will the BTC price rise this bullish season? Will it reach $100K following a Trump victory?

As mentioned earlier, the Trump victory is expected to be a major catalyst for the upcoming bull run, as market veterans and analysts believe the token may embrace major moves. However, the possibility of a BTC price cooling down after the current move is expected as the rising buying volume takes a break. 

In the past few hours, Bitcoin witnessed a huge influx of buying volume that pushed the price towards a new ATH. A similar rise in the volume was recorded during the first week of August but it remained in favour of bears that slashed the prices by 16.57%. Therefore, the recent rise of over 9.5% suggests there could be more room to rise. These high-volume candles often mark pivot points in the market, especially in rangebound conditions. 

Meanwhile, the BTC price is yet to rise above the trend line in the short term, which suggests a major run could succeed once these levels are achieved. The next level to watch is around $80,463.21, which may lead the Bitcoin (BTC) price to form a new ATH at $82,752.24 at 1.2 FIB in a short while from now. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Toncoin (TON) Rebounds Above $6: Is A Sustainable Rally In Sight?

Toncoin (TON) has surged past the $6 mark, rekindling hopes for a sustained bullish rally After facing a challenging period of bearish pressure, this recovery has sparked curiosity among investors

Celestia Price Soars 55% In 7 Days, TIA Bulls Eyes To Hit $13.8?

The post Celestia Price Soars 55% In 7 Days, TIA Bulls Eyes To Hit $138 appeared first on Coinpedia Fintech News Story Highlights The Celestia price retests its 6-month high Rising bullish sentiment

Bitcoin Technical Analysis: Oscillators Indicate Neutral Momentum

As of Nov 25, 2024, the price of bitcoin (BTC) has traded between $97,076 and $97,547 within the past hour, displaying a strong bullish trajectory across multiple timeframes Technical indicators

Crypto Price Today (Nov 25, 2024): Bitcoin Price Stays at $98k | Microstrategy Buys 55,000 Bitcoins!

The post Crypto Price Today (Nov 25, 2024): Bitcoin Price Stays at $98k | Microstrategy Buys 55,000 Bitcoins! appeared first on Coinpedia Fintech News The global cryptocurrency market is on the rise,

Solana memecoins turn to NSFW content as Pump Fun livestreams resemble adult webcam site

Pumpfun, the decentralized memecoin generation and promotion platform on Solana, is experiencing a rise in live-streaming NSFW content as memecoin creators incorporate adult-themed material into

Near Protocol Hits $7, Technical Sentiments Hint A $10 Retest?

The post Near Protocol Hits $7, Technical Sentiments Hint A $10 Retest appeared first on Coinpedia Fintech News Story Highlights Near Protocol price reclaims the $6 mark, with a weekly surge of ~18%