bullish

Donald Trump

Bitcoin

The Bitcoin price rose a fraction of a percent in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $74,618</a> as of 03:09 a.m. EST on trading volume that dropped 8% to $82.8 billion.
Copper.co, a digital asset custodian, says that a Bitcoin price of $100k is ”quite possible by the time the 47th U.S. President heads to the Capitol for inauguration day on January 20.”
<h2 id="bitcoin-price-could-surge">Bitcoin Price Could Surge</h2>
The Bitcoin price has been moving within an ascending channel (white lines), suggesting a bullish trend. Recently, it has reached the upper boundary of this channel and is testing resistance around $74,618, according to data from <a style="background-color: var(--bs-body-bg); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);" href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The price of Bitcoin now trades well above the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the continued uptrend since September.
Moreover, the Relative Strength Index (RSI) is at 67.27, close to the overbought level of 70. This shows strong momentum, but it’s nearing a level where it could face resistance or even a minor correction. However, an RSI in this range during a strong trend may stay elevated for a while without necessarily causing a reversal.
The Moving Average Convergence Divergence (MACD) line (blue) is well above the signal line (orange), with a positive value, indicating bullish momentum. Additionally, both MACD and signal lines are above the zero line, which further supports a positive outlook.
<figure id="attachment_595619" aria-describedby="caption-attachment-595619" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-595619" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-07_10-09-41-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px">
 <figcaption id="caption-attachment-595619" class="wp-caption-text">
 Bitcoin Price Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
<h2 id="bitcoin-price-prediction">Bitcoin Price Prediction</h2>
The BTC/USD chart analysis on the 12-hour timeframe shows that the Bitcoin price is still under a sustained bullish rally within the rising channel pattern, as the bulls aim to sustain the trend. Major indicators show that the asset could still soar, as the bulls target $80,000 in the short term.
However, if the bears gain control of the BTC price at this level, the price of Bitcoin could plunge back to the $68,607 support, which is along the lower boundary of the rising channel.
Meanwhile, investors seeking opportunities in the PolitiFi space of the crypto market might want to consider <a href="https://insidebitcoins.com/visit/freedumfighters" rel="noopener noreferrer nofollow">FreeDum Fighters ($DUM)</a>, which has blasted past $445k in funds raised in its presale.
According to 99Bitcoins, a prominent crypto channel with over 706K subscribers, $DUM has the potential to surge 100X after its launch.
<iframe title="This Is The Next 100X Meme Coin!! PolitFi-Themed Presale FreeDum Fighters!" width="640" height="360" src="https://www.youtube.com/embed/gTUUguJTWIQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="freedum-fighters-presale-next-crypto-to-explode">FreeDum Fighters Presale – Next Crypto To Explode?</h2>
<a href="https://insidebitcoins.com/visit/freedumfighters" rel="noopener noreferrer nofollow">FreeDum Fighters</a> brings a playful twist to the US elections, inviting investors to the blockchain version of the US election.
The choice is between MAGATRON, a mechanized version of Donald Trump, or Kamacop 9000, representing Vice President Kamala Harris.&nbsp;
MAGATRON currently boasts a 273% annual staking return for its supporters (stakers), while Kamacop 9000 offers a dazzling 725% annual return.&nbsp;
MAGATRON has so far achieved a bigger victory than that by Donald Trump on Nov. 5, with DUM token holders giving him 66% of the vote (staked tokens) to Harris’s 34%.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ready for this year's elections?
 Get involved early by joining the <a href="https://twitter.com/Freedum_Fighter?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Freedum_Fighter</a> elections between MAGATRON and Kamacop 🦅
 Cast your vote by participating in the <a href="https://twitter.com/search?q=%24DUM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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" rel="noopener noreferrer nofollow">pic.twitter.com/j452Rht1Lq</a>
 — Red (@Redlion35) <a href="https://twitter.com/Redlion35/status/1847010460752925065?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
$DUM holders can also participate in lively debates, and earn rewards based on the chosen candidate’s performance.
DUM tokens are priced at $0.00007 right now. Buy before a price hike in a little more than 2 days to lock in the best deal.&nbsp;&nbsp;
<a href="https://insidebitcoins.com/visit/freedumfighters" rel="noopener noreferrer nofollow">Visit the official FreeDum Fighters website to buy $DUM tokens here</a> using ETH, BNB, USDT, USDC, or SOL.
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Bitcoin Price Prediction: BTC Targets $100K ATH Before Donald Trump Inauguration Day As Experts Say This PolitiFi Crypto Might 100x

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