Cryptocurrency

bullish

Carl

Bitcoin

Reserve

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-events-pressure-bitcoin-and-altcoins-as-elections-approach/" data-wpel-link="internal">Market Events Pressure Bitcoin and Altcoins as Elections Approach</a> 
Bitcoin started November on a shaky note, following a lackluster Uptober. The concern lies in the upcoming week, which will feature several significant events that could impact <a href="https://en.coin-turk.com/what-is-ripple-xrp/" data-wpel-link="internal">cryptocurrencies</a>. Current evaluations suggest that the anticipated rise for Bitcoin and <a href="https://en.coin-turk.com/telegram-advances-in-the-cryptocurrency-world/" data-wpel-link="internal">altcoins</a> remains uncertain. 
<h2 style="text-align: justify" id="november-s-cryptocurrency-agenda">November’s Cryptocurrency Agenda</h2> 
Bitcoin is hovering around $69,460, with the U.S. presidential election on November 5 and a Federal Reserve meeting two days later. Employment figures look decent, and inflation is at reasonable levels. However, with the Fed indicating a potential pause in rate cuts, the situation may not bode well for cryptocurrencies. 
The results of the U.S. presidential election will also be revealed on November 5. With only hours left, it is anticipated that either Trump or Harris will emerge victorious. If Harris wins, her presidency may reflect Biden’s approach to cryptocurrencies, which has been seen as dismissive. 
In contrast, Trump has expressed his commitment to the <a href="https://en.coin-turk.com/layerzero-announces-airdrop-news/" data-wpel-link="internal">cryptocurrency</a> sector, even launching his own DeFi platform. 
<h2 style="text-align: justify" id="expert-insights-on-cryptocurrency">Expert Insights on Cryptocurrency</h2> 
Titan of Crypto is pleased with the clearing of a four-month downward trend and points to a key level at $71,300. Many analysts have repeatedly mentioned that the main level for further gains is $71,500. 
<blockquote> 
 “The monthly candle close in October wiped out the four-month downward price movement. This indicates a serious upturn. The cloud also shows bullish signs. The next key level: $71,300. BTC appears ready to surpass this level in November.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-402876 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/titan-btc-tahmini-scaled.jpg" alt="" width="2560" height="1582"> 
Crypto Fella, another analyst, is also awaiting the election results. He believes that volumes will significantly increase after the November 5 elections. Carl suggests that BTC’s escape from a descending channel should provide relief to investors. 
<blockquote> 
 “Bitcoin not only broke out of this descending channel, but also closed its highest monthly candle ever!” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-402879 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/carl-btc-analizi.jpg" alt="" width="2137" height="1213"> 
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Market Events Pressure Bitcoin and Altcoins as Elections Approach

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