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🔥 The American presidential election will be held very soon, which will most likely affect the Bitcoin rate and the cryptocurrency market in general! What will happen if Trump wins? In 2024, the position of presidential candidate Trump has undergone a noticeable change. The billionaire released several NFT collections and began accepting donations in the form of cryptocurrencies. ChatGPT concluded that his victory is optimistic for BTC and could translate into a soft regulatory climate. 📊 Based on this, the AI updated its post-election target price for BTC to a range of $80,000 to $90,000. #BTC☀️

🔥 The American presidential election will be held very soon, which will most likely affect the Bitcoin rate and the cryptocurrency market in general! What will happen if Trump wins?

In 2024, the position of presidential candidate Trump has undergone a noticeable change.

The billionaire released several NFT collections and began accepting donations in the form of cryptocurrencies. ChatGPT concluded that his victory is optimistic for BTC and could translate into a soft regulatory climate.

📊 Based on this, the AI updated its post-election target price for BTC to a range of $80,000 to $90,000.

#BTC☀️

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Supply metrics group: 1️⃣Supply Delta Demonstrates how strong and weak hands accumulate and distribute their Bitcoins. It serves as a leading indicator for identifying new price peaks and risk zones, helping to determine cycle tops and accumulation zones. Current situation: Long-Term Holder Supply is increasing slightly since April 19, 2024, indicating more coins are being held by long-term holders. Short-Term Holder Supply is decreasing, indicating fewer coins are held by short-term holders. Rating: 7/10 in favor of buyers. 2️⃣Percent Supply in Profit Shows the percentage of the total supply that is in profit, providing insight into the profitability of the circulating supply. Percent Supply in Profit is calculated by dividing the Supply in Profit by the Total Supply and multiplying by 100% to convert to a percentage. Components: Supply in Profit (the amount of supply that is in profit) Supply in Loss (the amount of supply that is in loss) Current situation: This metric indicates a positive trend as a higher percentage of the supply is in profit, suggesting favorable market conditions. Rating: 7/10 in favor of buyers. Total Supply metrics group rating: 7/10 in favor of buyers. The Supply metrics group indicates that in mid-April, long-term holders (LTH) stopped distributing their coins to short-term holders (STH). Starting from April 19, 2024, the Long-Term Holder Supply began to increase slightly, showing that the number of coins under the control of long-term holders is rising. At the same time, the supply held by short-term holders began to decrease. Сhanges from April to early May: Long-Term Holder Supply: 14,028,594 BTC (+42,436 BTC over 32 days) Short-Term Holder Supply: 3,357,333 BTC (-26,843 BTC over 32 days). From December 3, 2023, to April 19, 2024, approximately 930,000 BTC were redistributed by long-term holders. However, since April 19, the trend has shifted. Globally, the upward trend remains a priority. Locally, there could be a significant pullback within the global upward trend.
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