Republican

bullish

Solana

Bitcoin

<p>Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the <a href="https://coinpedia.org/news/bitcoin-etf-news-bearish-sentiment-leads-to-record-580-million-in-outflows/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs</a> had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin's price</a>. However, despite this, Bitcoin has just confirmed a new bullish divergence on the charts, signaling&nbsp; short-term price strength.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-s-long-term-election-trend">Bitcoin’s Long-Term Election Trend</h2>   
<p><a href="https://www.youtube.com/watch?v=bRRoPG7u6xM" target="_blank" rel="noreferrer noopener nofollow">Analyst Josh of Crypto World</a> said that looking at Bitcoin's price history during past US elections, we can see a pattern of bullish trends following the election. In the past three election cycles, Bitcoin has typically risen following elections, regardless of whether a Democrat or Republican won. Historically, after each election, there was a bull market, followed by a bear market, then a recovery, and ultimately, Bitcoin's price trended higher.</p>   
<p>So, based on historical data, regardless of whether Harris or Trump wins the <a href="https://www.youtube.com/watch?v=aP2Q_7rzNs0&amp;pp=ygUadXMgZWxlY3Rpb24gMjAyNCBjb2lucGVkaWE%3D" target="_blank" rel="noreferrer noopener">2024 election</a>, Bitcoin could see a bullish market in the next year.&nbsp; In the short-term, Bitcoin has faced some rejection at key resistance levels ($72,000 - $74,000), but it's finding support between $66,700 and $68,300. If Bitcoin breaks above $74,000, it could reach new all-time highs.</p>   
<h3 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum Price Analysis</h3>   
<p>Looking at Ethereum (ETH) on the 3-day chart, ETH is still stuck in a sideways trading range. Support is around $2,150 to $2,200, and resistance is around $2,800. Over the past day, ETH dropped below a key support level, which is now acting as resistance around $2,440 to $2,475. If the price bounces, it might <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-price-prediction-where-btc-eth-could-be-after-us-elections/" target="_blank" rel="noreferrer noopener">struggle to break above this level</a>.</p>   [post_titles_links postid="376103"]   
<h3 class="wp-block-heading" id="h-solana-price-analysis">Solana Price Analysis</h3>   
<p>Next, looking at Solana (SOL) on the daily chart, it recently closed below $159, which is a bearish sign. However, if SOL can break back above this level quickly, it could be a fake-out and the price may recover. But if it fails to reclaim this level, the price could drop towards $150, with further support around $137 to $142.</p>

What’s Next for Bitcoin, Ethereum and Solana Ahead of US Elections? BTC Confirms Rally Above $70k

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