Bitcoin (BTC) calm before the storm: “It will be $100,000!”

Bitcoin (BTC), approaching its all-time high (ATH), has encountered selling pressure in the short term.

Bitcoin ($BTC ), which has been on the rise with the approach of the US presidential election, may be pricing in a Donald Trump victory. The leader of cryptocurrencies, which has been pricing upwards since $65,000, has excited investors. However, this rise in Bitcoin, together with dominance, has created selling pressure on altcoins. Although the altcoin rally has not started yet, a large portion of investors seem hopeful.

Bitcoin, which has exceeded $70,000 again after a three-month hiatus, is blinking at the top. BTC, which has managed to maintain $72,000 as support for now, may take off if Donald Trump is elected US president. However, it is necessary to pay attention to volatility during this process. Especially in the futures market, major losses may occur.

As of the writing of the news, BTC, which changed hands at $ 72,348, is at an intermediate price. Bitcoin, which is priced very close to ATH, may want to test $ 80,000 with a weekly close above $ 73,684. The $ 80,000 band can serve as an important psychological resistance.

In a downward scenario, the support levels to be followed are $ 70,000 - $ 67,091 - $ 64,777 and $ 62,500, respectively. If weekly closes come below the gray box ($ 62,500), the decline will deepen.

Michael van de Poppe, known for his cryptocurrency analyses, expressed his striking views on Bitcoin. The analyst, who predicted that BTC would reach $ 80,000 in November, thinks that an increase to $ 90,000 - $ 100,000 will come in December. The level that van de Poppe sees as critical for Bitcoin is 71,679. The pioneer of cryptocurrencies is holding above this price for now, giving confidence to the market.

$ETH $BNB
#CryptoDeNostradame #ParrotBambooCrypto