We're still in a strong uptrend.
Don’t get tricked out of your spot by election volatility.
However #Bitcoin’s near-term moves depend on support at $69K.
Trump’s odds are dropping, which could influence the market.
Key points:
- If Trump wins, it could boost $BTC given his pro-crypto stance.
Historically, post-election periods have seen significant price increases regardless of who wins.
- Current charts and trends indicate a strong Q4 performance, with November and December likely to show gains if Bitcoin holds above resistance levels.
- A potential altcoin season is approaching as Bitcoin dominance may dip, with many altcoins likely to surge within the next month.
In summary, Bitcoin is positioned for a strong end to the year, with both election results and market trends pointing toward growth.
This current drop is similar to pre-election dips in past election years, often followed by a strong rally.
Historically, Bitcoin has surged after elections, with major gains within 50-60 days of the event.
This year, Trump’s odds are falling, which is impacting Bitcoin sentiment, given his pro-crypto stance.
The outlook remains bullish, with Bitcoin looking for a potential rally and altcoin season expected to follow within the next month.
