Peanut

TRUMP

Bitcoin

Elon Musk

The Bitcoin price edged up a fraction of a percent in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed">to trade at $68,823</a> as of 03:29 a.m. EST on trading volume that surged 42% to $33.6 billion. 
This comes after <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1730704238807">Polymarket</a> odds of a Trump victory in tomorrow’s US election plunged 9% in the past week. They have since recovered slightly, with the Republican’s chances rising by 3% in the last 6 hours to stand at 57% as of 3:17 a.m. EST. 
The Bitcoin price briefly dipped below $69,000, which prompted big liquidations in the crypto market, hitting $350 million across $259.7 million long bets and $90.1 million short bets. 
Analysts have speculated that <a href="https://insidebitcoins.com/news/bitcoin-could-hit-90k-if-donald-trump-becomes-president-plunge-to-30k-if-its-kamala-harris-bernstein-says">Bitcoin could rally if Trump wins</a> after he promised to be ”crypto president” if he is elected. Trump has also promised to fire Securities and Exchange Commission Chair Gary Gensler and make the US “the world capital of crypto.” 
<h2 id="bitcoin-price-could-sustain-its-bullish-rally">Bitcoin Price Could Sustain Its Bullish Rally</h2> 
The Bitcoin price has been on a sustained rally since September, according to the BTC/USD chart analysis on the 12-hour timeframe. BTC has been recording higher lows and higher highs as the bulls capitalized on the $56,000 support level to push the price of Bitcoin through a rising channel pattern, as data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed">GeckoTerminal</a> shows. 
The Bitcoin price now trades above the 50-day and 200-day Simple Moving Averages (SMAs), indicating that BTC could still soar. 
However, the Relative Strength Index (RSI) seems to be on a correction, currently falling below the 50-midline line, an indication that BTC is under some selling pressure, as it trades within the lower boundary of the rising channel. 
Bitcoin price investors are aiming at maintaining the current trend, which could possibly push the price of Bitcoin to the next possible target at $76,000. 
<figure id="attachment_594531" aria-describedby="caption-attachment-594531" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-594531" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1.png" alt="bitcoin price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-04_10-29-32-1-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px">
 <figcaption id="caption-attachment-594531" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure> 
However, if the price drops below the channel, the next possible support level could be within the 200-day SMA at $62,400. 
Meanwhile, investors seeking other opportunities in the PolitiFi space of the crypto market might want to consider <a href="https://insidebitcoins.com/visit/freedumfighters" rel="nofollow">FreeDum Fighters ($DUM)</a>, which has blasted past $417k in funds raised in its presale 
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can potentially surge 10X when it launches. 
<iframe title="Freedum Fighters Next 10X Meme Coin With HUGE 26,000% STAKING REWARDS! 😮" width="640" height="360" src="https://www.youtube.com/embed/6bXrnOFw75U?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<h2 id="freedum-fighters-presale-next-crypto-to-explode">FreeDum Fighters Presale – Next Crypto To Explode?</h2> 
The FreeDum Fighters project brings a satirical twist to the US elections, pitting two mechanized leaders against each other in the blockchain version of the presidential election. 
The candidates are MAGATRON, posing as Donald Trump, and Kamacop 9000, representing Vice President Kamala Harris.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Ready for this year's elections? 
 Get involved early by joining the <a href="https://twitter.com/Freedum_Fighter?ref_src=twsrc%5Etfw">@Freedum_Fighter</a> elections between MAGATRON and Kamacop 🦅 
 Cast your vote by participating in the <a href="https://twitter.com/search?q=%24DUM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DUM</a> presale and using their stake-to-vote system 🗳️ 
 Be sure to follow this project, you will not regret it.🔥🔥 <a href="https://t.co/j452Rht1Lq">pic.twitter.com/j452Rht1Lq</a> 
 — Red (@Redlion35) <a href="https://twitter.com/Redlion35/status/1847010460752925065?ref_src=twsrc%5Etfw">October 17, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
$DUM holders can buy and stake tokens in support of their favorite candidate, participate in lively debates and earn rewards based on the chosen candidate’s performance. 
Early presale contributors can back their choice by staking $DUM with either MAGATRON or Kamacop 9000. 
MAGATRON currently boasts a 284% annual return for its supporters (stakers), while Kamacop 9000 offers a dazzling 774% annual return.&nbsp; 
<a href="https://insidebitcoins.com/visit/freedumfighters" rel="nofollow">Visit the official FreeDum Fighters website to buy $DUM tokens here</a> using ETH, BNB, USDT, USDC, or SOL for $0.000065 each. 
Interested investors should buy soon because the price will increase in a little more than 1 day.&nbsp; 
<h2 id="related-news">Related News</h2> 
<ul> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/">How to Buy Bitcoin with Credit Card</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/peanut-the-squirrel-price-prediction-pnut-plummets-37-as-elon-musk-denounces-killing-while-this-innovative-staking-meme-coin-blasts-past-3m">Peanut The Squirrel Price Prediction: PNUT Plummets 37% As Elon Musk Denounces Killing, While This Innovative Staking Meme Coin Blasts Past $3M</a></li> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/maga-price-prediction-trump-surges-22-ahead-of-tomorrows-elections-but-experts-say-this-political-meme-coin-might-be-the-best-crypto-to-buy-now">MAGA Price Prediction: TRUMP Surges 22% Ahead Of Tomorrow’s US Election, But Experts Say This Political Meme Coin Might Be The Best Crypto To Buy Now</a></li> 
</ul>

Bitcoin Price Analysis As Trump’s Polymarket Odds Fall, Crypto Liquidations Hit $350M, And This New PolitiFi ICO Closes On $500K

Table of Contents

Inside Bitcoins

Other articles published on Nov 4, 2024

Massive Volatility for PolitiFi Meme Coins 24 Hours Ahead of US Presidential Elections: Details

Mc Pitbull Launches MCPB Meme Coin with Unique Smart Contract and Innovative MEMconomy and MEMket...

Starlink suspends new subscriptions in Kenya citing network overload

Ripple’s Largest XRP Release In Seven Years. Here’s What Happened

Chainlink Expands Its Presence in DeFi Through Blockchain and AI Integration

Bitfinex hack launderer ‘Razzlekhan’ wants time served as sentencing looms

Join our free newsletter for daily crypto updates!