๐ Bitcoin's gearing up for a post-election party, say analysts! Historically, BTC loves a good US presidential election, with past rallies in 2012, 2016, and 2020. The magic number? $70,200! Break that, and it's bullish confetti time.
- Bitfinex analysts are eyeing $80,000 by 2024, fueled by options market excitement and a potential Republican win.
- But wait, there's more! Some see Bitcoin as a "Trump hedge," though without the macroeconomic pizzazz for an all-time high.
- Key levels to watch: $70,200 and $69,000. Break these, and Bitcoin might just dance its way to new heights!