Donald Trump

Bitcoin

The Bitcoin price surged 17% in the last week and 2% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">to trade at $80,654</a> as of 02:20 a.m. EST on trading volume that skyrocketed 99% to $86 billion.
The Donald Trump election victory continued to pump markets over the past 24 hours, with Bitcoin clocking another all-time high at $81,800, according to CoinGecko.
<h2 id="bitcoin-price-moving-towards-a-sustained-bullish-trend">Bitcoin Price Moving Towards A Sustained Bullish Trend</h2>
The BTC/USD chart shows an upward trend over recent months, especially since September. The Bitcoin price appears to be in a rising channel (indicated by the two white trendlines), suggesting a bullish trend. The price is currently near the upper boundary of this channel, surpassing the $79,000 level, which often acts as resistance, according to data from <a href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
BTC price is now moving above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend. The 50-day SMA has crossed above the 200-day SMA, forming a golden cross around the $65,000, which is a sign of the positive trajectory.
Moreover, the Relative Strength Index (RSI) is at 76.37, which is above the 70 level, placing it in the overbought zone. This suggests that WBTC may be overextended in the short term, potentially signaling a pullback or consolidation phase. However, in strong bullish trends, the RSI can stay overbought for extended periods.
The presence above both the 50-day and 200-day MAs, the Golden Cross, and the upward channel indicate a strong bullish trend. If this momentum continues, the price of Bitcoins could soar to the next possible resistance at $90,000.
<figure id="attachment_596594" aria-describedby="caption-attachment-596594" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-596594" src="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-11_10-20-33.png" alt="Bitcoin Price Chart Analysis Source: GeckoTerminal" width="1257" height="413" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-11_10-20-33.png 1257w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-11_10-20-33-300x99.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-11_10-20-33-1024x336.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-11_10-20-33-768x252.png 768w" sizes="(max-width: 1257px) 100vw, 1257px">
 <figcaption id="caption-attachment-596594" class="wp-caption-text">
 BTCUSD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
The RSI is in overbought territory, suggesting a possible pullback or consolidation. Traders might watch for a retest of support levels, like the 50-day SMA or the lower boundary of the rising channel at $67,147 as potential buying opportunities if a pullback occurs.
Meanwhile, investors seeking to capitalize on opportunities in the PolitiFi space amid the Trump election win bull run might want to consider <a href="https://insidebitcoins.com/visit/freedumfighters" rel="noopener noreferrer nofollow">FreeDum Fighters ($DUM)</a>. 
This new project has just blasted past $467k in funds raised and influential YouTuber Jacob Bury, with over 43k subscribers, says 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="is-dum-the-next-crypto-to-explode">Is $DUM The Next Crypto To Explode?</h2>
<a href="https://insidebitcoins.com/visit/freedumfighters" rel="noopener noreferrer nofollow">FreeDum Fighters</a> adds a playful twist to the US elections and invites investors to vote on the blockchain version of the showdown between Donald Trump and Kamala Harris.
The choice is between MAGATRON, a mechanized version of Trump, and Kamacop 9000, representing defeated rival Kamala Harris.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ready for this year's elections?
 Get involved early by joining the <a href="https://twitter.com/Freedum_Fighter?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Freedum_Fighter</a> elections between MAGATRON and Kamacop 🦅
 Cast your vote by participating in the <a href="https://twitter.com/search?q=%24DUM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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 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.&nbsp;MAGATRON currently boasts a 268% annual return for its supporters (stakers), while Kamacop 9000 offers a dazzling 690% return.&nbsp;
As happened in the actual election last week, token holders are giving Trump, aka MAGATRON, a landslide win.
<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 for $0.000075. 
Buy now before a price hike in about two days.&nbsp;
<h2 id="related-news">Related News</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/dogecoin-price-prediction-doge-flips-xrp-and-usdc-a-28-pump-but-experts-say-this-meme-coin-rival-might-be-the-best-crypto-to-buy-now" rel="noopener noreferrer nofollow">Dogecoin Price Prediction: DOGE Flips XRP And USDC With A 28% Pump, But Experts Say This Meme Coin Rival Might Be The Best Crypto To Buy Now</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-surges-12-amid-trump-win-bull-run-but-investors-fomo-buy-this-layer-2-rival-for-parabolic-potential" rel="noopener noreferrer nofollow">Pepe Price Prediction: PEPE Surges 12% Amid Trump Win Bull Run, But Investors FOMO Buy This Layer 2 Rival For Parabolic Potential</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-bitcoin/credit-card/" rel="noopener noreferrer nofollow">How to Buy Bitcoin with Credit Card</a></li>
</ul>

Bitcoin Price Prediction: BTC Soars 17% In A Week To Pass $81K Amid Trump Win Bull Run As Traders Turn To This PolitiFi ICO For 10X Gains

Table of Contents

Inside Bitcoins

Other articles published on Nov 11, 2024

Top 5 Meme Coins Ready to Explode Under Trump’s New Administration

FTX sues Binance and CZ for nearly $1.8b over alleged SBF transfer

Under the Radar and Over the Moon: The Next Big Meme Coins Poised for a Breakout

Bull market competition: Solana vs Worldcoin vs Rollblock

Angel Investor’s Bold Take on Bitcoin: Still a Chance of Dropping to Zero, But…

Crypto Insiders Recommend 5 Coins for 2025’s Bull Run — 10,000% Gains Expected!

Join our free newsletter for daily crypto updates!