🔥🔥🔥BTC BREAKS RECORD AS PROBABILITY OF TRUMP'S ELECTION VICTORY INCREASES🚀🚀🚀
In recent days, Bitcoin prices have reached record levels as Donald Trump's chances in the 2024 elections increase. Markets are responding positively to the possibility of Trump winning the election; Bitcoin (BTC) rose to $ 75,600, while Ethereum (ETH) rose to $ 2,637. This increase is supported by the expectation of Trump's crypto-friendly policies and his campaign's promises to support crypto-focused projects. With Trump's increasing popularity and the positive reflection of his cryptocurrency policies on the markets, BTC is expected to continue its rise in the short term.
In terms of technical analysis, BTC is fluctuating at high levels on the hourly chart. Although there is a short-term pullback, it is predicted that the upward trend will continue if the high trading volume continues. Analysts say that BTC will maintain its upward trend as long as it does not fall below $72,500. On the other hand, ETH has a more limited rise but has the potential to recover. While a buying opportunity is suggested for BTC between $73,000-73,500, long positions are suggested for ETH between $2,560-2,590.
As a result, Trump's election campaign and pro-crypto stance are expected to continue to support digital assets like BTC.
Source:
• Coin360, “Trump Trade’s Impact on Bitcoin and Crypto Prices.”
• Bitfinex Alpha Report, Election and Crypto Volatility Analysis.
