Future

Solana

Bitcoin

Avalanche

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-struggles-below-record-high-after-elections" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Struggles Below Record High After Elections</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/sec-approves-bitcoin-etf-options" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) faces challenges in reaching its all-time high following recent election results. The atmosphere surrounding the elections has caused volatility in the crypto market, with notable actions reported from Iran impacting investor sentiments. Despite these setbacks, BTC continues to maintain a positive stance around the critical $68,500 level. The direction of other cryptocurrencies, such as AVAX, SOL, and CHZ, remains uncertain amidst this backdrop.</p>
<h2 style="text-align: justify" id="what-are-the-current-trends-for-solana-sol">What Are the Current Trends for Solana (SOL)?</h2>
<p style="text-align: justify">As of November 4, 2024, BTC remains below its peak, leading to cautious trading behavior around <a href="https://en.bitcoinhaber.net/kruger-urges-crypto-focus-shift-to-alternatives" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL). The coin is currently trading near $162, a significant level that has shown importance for the past 238 days. Other key levels include $138 and a resistance point at $188, within which SOL has mostly fluctuated. While short-term traders have managed to profit on volatility, a substantial breakout is still awaited.</p>
<h2 style="text-align: justify" id="will-avalanche-avax-recover">Will Avalanche (AVAX) Recover?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/avalanches-local-asset-avax-surges-overtaking-dogecoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) is struggling, currently priced at $23.2. Its correlation with Bitcoin’s price movements could dictate its future, but a prolonged weak performance suggests difficulties ahead. The coin faces further challenges from inflation rates and market competition. If the $22.6 support fails, testing lower levels like $20.5 and $17.7 could occur, but a recovery above $42 seems crucial for a positive turnaround.</p>
<p style="text-align: justify">In terms of performance and market strategies, here are key takeaways:</p>
<ul>
 <li>Bitcoin’s current performance remains positive despite election-related volatility.</li>
 <li>Solana (SOL) is maintaining levels around $162, yet lacks a breakout.</li>
 <li>Avalanche (AVAX) has a concerning trend as it finds support below $23.2.</li>
 <li>CHZ Coin has seen significant declines and is testing lower price levels.</li>
</ul>
<p style="text-align: justify">The market landscape reflects a cautious sentiment as traders navigate through uncertainties. Future movements in Bitcoin will likely influence the performance of altcoins, with each asset facing unique challenges as they attempt to regain momentum.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-struggles-below-record-high-after-elections" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Struggles Below Record High After Elections</a></h5>

Bitcoin Struggles Below Record High After Elections

Table of Contents

BH NEWS

Other articles published on Nov 4, 2024

U.S. Spot Bitcoin ETFs Saw $2.22B Worth of Total Net Inflows Last Week

A16z pledges $23m to Fairshake for 2026 mid-terms

Donald Trump Crushes Harris: Do Crypto Memes Predict The Final Outcome?

Why DOGEN leads, beating 2024 predictions for DOGE and SHIB

Circle Eyes Hong Kong Market, Awaits Regulatory Framework for Expansion

Chainlink Expands DeFi Reach with New Integrations

Join our free newsletter for daily crypto updates!