BTC Coin bulish trend Update::
Popular analyst PlanB believes Bitcoin's next big rally will be triggered by the US presidential election in November. Big investors, also known as "whales," are holding off on buying until after the election. If Kamala Harris wins, they worry it could hurt Bitcoinâs growth, so they're waiting for more certainty before investing. This cautious approach might explain why Bitcoinâs price has been mostly flat for the last eight months.
Interestingly, Kamala Harris has said she supports crypto and AI, and plans to include them in her âopportunity economyâ if she wins. But not everyone is convinced. Charles Hoskinson, the creator of Cardano, doubts the Democrats will change their stance on crypto, pointing to past regulations that have slowed down the industry.
Historically, Bitcoin tends to stay quiet for long periods, but then sees sudden price spikes, especially after halving events. PlanB says these bursts of growth usually happen after periods of uncertainty.
Key factors affecting Bitcoinâs price include the US election, halving events, and crypto regulations. With Bitcoin currently priced at $62,010.83, do you think it will rise in the next 24 hours?
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