Get ready for the biggest bull run in history! Today, November 5th, we are witnessing a historic milestone in the world of #cryptocurrencies. It is important to note that after every halving, Bitcoin tends to rise by up to 600% in the most conservative scenario and, in an extreme case, has even increased by an incredible 14,000%! This is undoubtedly an extraordinary moment.
Currently, the dominance of #Bitcoin! is at a key point, with the possibility of retracing towards its 59% moving average. Although this may seem like a slight pullback, it is #important to highlight that dominance is not as volatile as Bitcoin's price, meaning that the process of capital flow towards altcoins may take time to materialize.
With the current fundamentals, such as ETFs and the upcoming presidential elections in the U.S., the impact on the market can be significant. If Donald Trump wins, Bitcoin is expected to surpass $80,000 in less than two weeks. Otherwise, 80K would be the ceiling, and it could stabilize around $40,000-$45,000 before rising again. This does not imply that Bitcoin will fall to zero, but it will face more difficulties due to regulatory pressure from such an influential government as the U.S.
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