Exactly 3 months ago (August 05, see chart below) when the price was on the 1W MA50 (blue trend-line), having hit it for the first time since the week of March 12 2003, we claimed that this was the last stand for Bitcoin (BTCUSD) if the market wanted to maintain the Bull Cycle, as based on the previous 3 Cycles, it was the absolute supporting trend-line:

The 1W MA50 eventually held not once but twice and that gave way to a rally that last week tested the 73800 All Time High (ATH). That is incredibly bullish, especially only two days before the U.S. elections, as from the historic patterns we've shown you before, a Parabolic Rally has started after each election.
So according to our August comparison chart, if history is repeated, BTC is looking towards at least the 1.618 Fibonacci extension from the ATH, which is roughly a little over $170k.
But what do you think? Are you expecting the ATH test to start a massive rally similar to all previous Cycles? And if so, is $170000 a realistic Target? Feel free to let us know in the comments section below!
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTCUSDT #BTC☀ #bitcoin☀️ #Bitcoin❗ #signals

Trump dump: Crypto liquidations hit $350M as Bitcoin dropped below $69K
Donald Trump’s winning odds lead on Polymarket have significantly narrowed, and Bitcoin's little price dump caused big liquidations.
Crypto market liquidations almost hit $350 million as Bitcoin briefly dipped below $69,000, with traders seemingly jittery in the lead-up to the United States presidential election.
In all, $349.78 million was liquidated across $259.7 million long bets and $90.08 million short bets on Nov. 3, according to CoinGlass. It’s the largest day of liquidations since Oct. 25, when Bitcoin
BTC
tickers down
$69,070
failed to sustain a rally past $70,000.
Bitcoin has seen a significant price swing over the last seven days, starting on Oct. 28 at around $67,700, then reaching a high of nearly $73,300 on Oct. 29 before dropping over the next few days with a brief dip to a low of $67,719 on Nov. 3.
It quickly recovered and is now trading at $69,145, per CoinGecko.

Bitcoin’s rollercoaster price action comes as the odds gap between US presidential bidders Donald Trump and Kamala Harris has tightened on the crypto native betting platform Polymarket.
In early October, Trump overtook Harris on Polymarket as the likely winner of the Nov. 5 elections, with his odds of winning peaking at 67% on Oct. 30 — that’s now seen a sharp correction to 56%.
The crypto industry views the Republican presidential candidate as the friendlier option as Trump has promised — among other pledges — to fire Securities and Exchange Commission Chair Gary Gensler and make the US “the world capital of crypto.”
Meanwhile, the Democratic Party’s Harris has taken a more tempered approach to crypto, saying she’d support a regulatory framework for the space in her pitch to Black male voters.
Related: Harris vs. Trump: Who is the crypto industry backing?
Trump’s winning odds on Polymarket now more closely align with polling data, which shows that he’s essentially neck and neck with Harris — who had a 0.9 percentage point lead on Nov. 3, FiveThirtyEight data shows.
traders have speculated that Bitcoin could hit $100,000 in the event that Trump wins the election, while Bernstein analysts have said a Harris win could send Bitcoin’s price down significantly by the end of the year.
In the immediate aftermath of the election results, crypto trader Daan Crypto Trades predicted Bitcoin could see “at least a 10% move to either direction depending on who ends up winning the election.”
$BTC #TradingMadeEasy #trump #USElections2024Countdown #Bitcoin❗ #BitcoinPricePredictions

$BTC

Namaskar LuckySevenTrader Community:
In the 4-hour timeframe, #Bitcoin❗ is forming an ascending parallel channel, currently positioned around the midpoint of this channel at $68,000. From here, we see two potential scenarios:
If Bitcoin respects this midpoint level as support, it could potentially rise to test the upper boundary of the channel around $73,000.Alternatively, if Bitcoin breaks down below this midpoint, it may head toward the lower boundary of the channel, targeting approximately $64,500.
I’d love to hear your thoughts on this setup—drop a comment with your perspective!
#LuckySevenTrader #TechnicalAnalys #Follow_Me_For_More #NovCryptoOutlook

$BTC

As the DeFi (Decentralized Finance) market continues to grow, Bitcoin, despite being one of the most capitalized cryptocurrencies, struggles to fully integrate into this ecosystem. Traditionally, most DeFi activities are built on Ethereum and other blockchains with Proof of Stake capabilities, enabling users to participate in staking and generate yields. However, Bitcoin operates on Proof of Work, making its integration into DeFi more complex. Solv Protocol positions itself as a revolutionary solution, aiming to create opportunities for Bitcoin in DeFi while addressing liquidity and ecosystem fragmentation issues.
The Challenge of Bitcoin Staking in DeFi
Unlike Ethereum (ETH), which has a well-established staking infrastructure with around 28% of its total supply staked through platforms like Lido, Bitcoin has long lacked native staking solutions. This absence of an inherent yield mechanism has left many Bitcoin holders on the sidelines of DeFi's benefits. Staking, a process where users lock up their assets to secure the network and receive rewards, is central to Ethereum projects.
On Ethereum, staking is facilitated by Liquid Staking Tokens (LSTs), tokens that allow users to stake assets while maintaining partial liquidity. This gives participants the flexibility to use their staked tokens in other DeFi strategies, such as arbitrage or yield farming. However, these mechanisms have yet to find a direct equivalent in the Bitcoin ecosystem—until the arrival of Solv Protocol.
Solv Protocol: Liquid Staking Tokens for Bitcoin
Solv Protocol introduces an innovative concept with its Liquid Staking Tokens (LSTs) for Bitcoin. This system allows Bitcoin holders to stake their assets and receive LSTs in return, which represent their staked BTC. Unlike traditional staking, where assets are locked for a specific period, Solv’s LSTs provide the ability to use these tokens in DeFi strategies while continuing to earn staking rewards.
With this system, Solv makes Bitcoin more flexible in DeFi, enabling holders to enjoy the benefits of staking without sacrificing asset liquidity. This flexibility attracts a growing number of users seeking to diversify investment strategies while maximizing the yield potential of their BTC.
The Importance of Liquidity in the DeFi Ecosystem
Another challenge Bitcoin faces in DeFi is liquidity fragmentation. With the proliferation of L1 blockchains and L2 solutions, BTC liquidity is often dispersed across multiple platforms. This limits users’ ability to find profitable opportunities for their assets, as liquidity is essential for activities like trading or yield farming.
Solv Protocol seeks to address this issue by positioning itself as the primary liquidity layer for Bitcoin in DeFi. By consolidating staked BTC and making it available for flexible use in various DeFi strategies, Solv aims to create a unified and efficient Bitcoin Finance (BTCFi) ecosystem.
Strategic Partnerships and DeFi Integration
To support this vision, Solv is working closely with various DeFi projects and blockchains. The goal is to connect Bitcoin to core DeFi primitives such as stablecoins and ETH derivatives, which currently dominate decentralized finance. Solv has already integrated several chains and DeFi protocols, paving the way for an ecosystem where Bitcoin plays a central role in staking, liquidity provision, and more.
Through these partnerships, Solv Protocol can ensure greater liquidity for its LSTs and enable BTC holders to enjoy the same benefits that Ethereum users receive. This includes participating in liquidity pools, using liquid BTC tokens as collateral for DeFi loans, and more.
Why Solv Protocol is Transforming Bitcoin’s Role in DeFi
With over 19,000 BTC already staked on Solv, the protocol is quickly establishing itself as a key infrastructure for Bitcoin in DeFi. The benefits are numerous:
1. Maximum Flexibility: Users can stake their BTC while retaining the option to use these assets via LSTs, maximizing their yield potential.
2. Security and Transparency: Solv ensures that each staked BTC is backed by audited reserves, providing complete transparency and security for users.
3. BTCFi Ecosystem Growth: Through strategic partnerships, Solv paves the way for a thriving Bitcoin Finance ecosystem, offering unprecedented opportunities for BTC users.
Conclusion:
Bitcoin in DeFi with Solv Protocol
With its innovative Liquid Staking Tokens and its role as a liquidity layer for Bitcoin in DeFi, Solv Protocol is positioning itself as a key player in decentralized finance. By enabling BTC holders to stake their assets while maintaining flexible liquidity and establishing strategic partnerships to integrate Bitcoin’s Liquid Staking Tokens into major DeFi applications, Solv opens an entirely new chapter for Bitcoin’s ecosystem.
Whether you're a Bitcoin holder looking to maximize your returns or a DeFi developer looking to integrate Bitcoin-based solutions, Solv Protocol offers a powerful suite of tools to navigate this new financial landscape. The future of Bitcoin in DeFi begins here, with Solv Protocol at the helm.
#Bitcoin❗
#solvbtc

Crypto investors should prepare for even more volatility around the US election, with traders and analysts predicting “at least” a 10% move for Bitcoin.

The price of Bitcoin could swing at least 10% depending on which United States presidential candidate clinches election victory on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months.

In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s
BTC
tickers down
$68,918
weekly close didn’t look “the cleanest” but said this wouldn’t matter too much in the face of a looming election.

Instead, he predicted that there’s a good possibility Bitcoin will see “at least a 10% move to either direction depending on who ends up winning the election this week.

Bitcoin is currently changing hands for $68,682, down 0.5% in the last 24 hours.

Meanwhile, Bitcoin’s volatility index notched a new three-month high on Nov. 3, according to data from crypto derivatives exchange Derebit.

Bitcoin came within spitting distance of notching a new all-time last week, briefly surging to as high as $74,649 on Oct. 29 before selling off sharply on election uncertainty.

In a Nov. 4 investment note viewed by Cointelegraph, IG Markets analyst Tony Sycamore wrote that Bitcoin needs to see a “sustained break above resistance” at the $74,000 level to confirm an uptrend that could see the asset rally sharply toward $80,000.

Sycamore warned that traders should be cautious that a “sustained retreat” below BTC’s support at $65,000 would signal that last week’s rally had failed, and the asset would likely return to its seven-month downward trend channel.

The broader sentiment surrounding Bitcoin heading into the election is one of optimism — with market pundits noting a bullish trend for risk assets and several positive tailwinds regardless of which candidate comes out on top on Nov. 5.

Related: Bitcoin can still hit $100K, no matter who wins US election
Crypto-friendly Trump is widely viewed as being more bullish for crypto assets in the short term, with Trump having now made a swathe of promises to protect and foster innovation in the US crypto industry. 
On the other hand, Harris avoided specific mention of cryptocurrency until Sept. 22, when she made a brief comment that her administration would encourage investment in artificial intelligence and digital assets. 

Outside of the election, market participants anticipate the US Federal Reserve should continue on its campaign of interest rate cuts following its 50-basis-point cut on Sept. 18.

Further rate cuts are widely seen as bullish for crypto assets as safer investments like term deposits become less appealing to investors.

X Hall of Flame: Harris’ unrealized gains tax could ‘tank markets’ says Nansen’s Alex Svanevik
#Bitcoin❗ #USELECTIONNS