đ Bitcoin (BTC) Is About to Take Off: The Big Bull Run Is Coming! đ„
Net inflows from spot ETFs and Donald Trumpâs lead in the US presidential election are providing a strong boost to Bitcoin (BTC).
The surge has helped BTC recover from the $60,000 level, reinforcing confidence in the market. Coupled with the Fedâs rate cut and developments from ETFs, Bitcoin is headed for a major breakout.
BTC has been in a downtrend since March 10. If the price fails to break above $68,000, it could fall to $64,777 or lower. However, if Trump continues to lead in the polls, BTC could conquer the $68,000 level and head towards $70,000, with the psychological resistance of $80,000 waiting.
Bitcoin spot ETFs have attracted a total of $371 million in inflows, while Ethereum has seen $12.7 million in outflows.
Trump currently has 58.1% of the vote in the polls, while Kamala Harris is at 41.5% as of October 16.
