• Short Term (One to six weeks)

Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency has marginally broken up through resistance at points 67600. An established break predicts a further rise. RSI is above 70 after a good price increase the past weeks. The currency has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The currency is overall assessed as technically slightly positive for the short term.
• Medium Term (One to six months)

Bitcoin has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is moving within a rectangle formation between support at 54721 and resistance at 69555. A decisive break through one of these levels indicates the new direction for the currency. The currency is approacing resistance at 71000 points, which may give a negative reaction. However, a break upwards through 71000 points will be a positive signal. The currency is overall assessed as technically slightly negative for the medium long term.
• Long Term ( One to six quaters)

Bitcoin is in a rising trend channel in the long term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. The currency is moving within a rectangle formation between support at 54721 and resistance at 69555. A decisive break through one of these levels indicates the new direction for the currency. The currency has marginally broken up through resistance at points 66000. An established break predicts a further rise. The currency is overall assessed as technically positive for the long term.
• Complete History

• Seasonal Prediction

#bitcoin☀️ #Bitcoin #Bitcoin❗ #BTC☀ #Biden_Out_BTC_Up
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On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep decline. This dramatic volatility followed Joe Biden’s announcement that he would be withdrawing from the 2024 presidential race.
KAMA Leads Gains in Unpredictable Presidential Meme Coin Market
It’s highly probable that presidential meme coin assets will continue to see unpredictable price movements (both increases and decreases) from now until the election this November. Several presidential crypto assets experienced dramatic price swings on Sunday following U.S. President Joe Biden’s announcement that he was withdrawing from the election race.

Meme coins linked to Biden, specifically jeo boden (BODEN), jill boden (JILLBODEN), and hunter boden (HUNTBODEN), saw significant drops in their values. At the time of writing, BODEN had decreased by 54%, and JILLBODEN had fallen by 68%. HUNTBODEN also plummeted, losing over 24% in the past few hours.

Conversely, the Democratic party had one standout performer: kamala horris (KAMA) increased in price by 78%. Prediction markets currently expect Vice President Kamala Harris to be the Democratic nominee at the national convention. KAMA hit an all-time high of $0.02571 per coin today.

Currently, KAMA’s price is $0.01834 per token, a 27% decrease from its peak. Meanwhile, maga (TRUMP) is up 1.7% today, down 4% this week, and up 39.5% over the past two weeks. Super trump (STRUMP) rose by 25% on Sunday and has increased 29.1% over the past week. Over the last fortnight, STRUMP has surged 86% against the U.S. dollar. Additionally, kennedy memecoin (BOBBY) is up 20.4%.
The recent volatility in presidential meme coins illustrates the market’s sensitivity to political developments. As the Democratic party’s outlook shifts, so does investor sentiment, affecting associated cryptocurrencies. The varied performance of these tokens underscores the unpredictable nature of meme tokens, where political events and public perception play crucial roles in driving value changes.

So far, it’s fair to predict that this will be one of the wildest elections in U.S. history. Presidential meme coins have significantly contributed to the unusual nature of this election.
#Biden_Out_BTC_Up #Bitcoin_Coneference_2024 #US_Job_Market_Slowdown #BinanceTournament #SOFR_Spike
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