Will Bitcoin continue to plummet before it breaks through $70,000?
(Strategy by Zhu Ye)
Two major events this week, both of which are positive
(1) The Bitcoin Conference will be held on Thursday, July 25.
Trump will attend and give a speech on the last day. He is expected to support BTC and express his intention to make the United States a leading country in the cryptocurrency industry. He also supports the right of everyone to self-custody their wallets. This is a major positive news for the cryptocurrency circle.
(2) ETH ETF may have news this week.
There is a saying in the market that "buy expectations and sell facts". After the release of positive news, it may become negative news. The current BTC price is $68,000. If it rises another 10%, it will reach its previous high, which is quite stressful. The more BTC rises, the higher the risk of altcoins.
Biden withdraws from the election and supports Vice President Harris! Is Trump's election a sure thing?
Biden gave up the US presidential election and supported Vice President Harris. As long as the Democratic Party does not change its position on Bitcoin, it will not be able to win this election. Judging from the current voter support rate, Trump's victory in this presidential election is almost certain. The United States is about to welcome its first Bitcoin president, which is a major boon to the entire cryptocurrency market. It is expected that the price of Bitcoin will exceed $100,000 by the end of the year, setting a new historical high.
