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Waseem-
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$W
yeh bahut upar jay ga future ma,
It will go much higher in the future
#Waseem45
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2020 election After the most recent voting, the November 2020 election, which coincided with the COVID-19 pandemic, Bitcoin rose by 478% a year later, reaching a market peak of around $69,000. It hit an all-time high of $73,000 in October 2024. After each event, with Bitcoin's price significantly higher than four years prior, the magnitude of the jumps has decreased, providing diminishing returns. The percentage decrease between the first and second numbers is 70%. Between the second and third, it is 87%. If we continue this trend and assume this time, the decrease will be around 90%; this implies a post-election rebound of approximately 47.8%. This would put Bitcoin at around $103,500 in the fourth quarter of 2025.$BTC
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According to Russ Mold of AJ Bell, Bitcoin's decline is attributed to signs that the Trump concept may be losing appeal in the presidential race. Recent polls show Kamala Harris leading in the presidential race, he mentioned in a memo. He stated that Bitcoin has closely tracked Trump's position in polls and betting markets. Given his positive stance on cryptocurrency policy, he noted that investors might anticipate a potential Trump victory driving Bitcoin demand. According to LSEG Refinitiv, Bitcoin fell by 1.3% to $66,590
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As the countdown to the U.S. elections heats up, Bitcoin (BTC-USD) traders are rife with speculation. Recent trends show that traders are betting on Bitcoin hitting new highs, with options set to expire on November 8 revealing a strong interest in the $75,000 strike price, according to Bloomberg, Many believe Bitcoin could climb significantly, regardless of whether Donald Trump or Kamala Harris wins the presidency. Traders have typically viewed a Trump victory as a boon for Bitcoin due to his pro-crypto rhetoric. However, some experts argue that market forces are more favorable than any political figure. "Both Presidential candidates have adopted pro-crypto stances," said Jeff Mei, COO at BTSE, according to CoinDesk, showing shift in sentiment toward potential gains, Interestingly, Bitcoin's potential ascent to $80,000 is bolstered by broader macroeconomic factors, including the Federal Reserve's anticipated rate cuts. "The fact that this coincides with the first Fed rate cuts in four years adds to the thesis that Bitcoin could surpass its all-time high," Mei noted in a recent discussion with CoinDesk. Traders are also ramping up their options activity, indicating a bullish outlook. "BTC vol skews heavily in favor of higher prices post-election," Augustine Fan from SOFA stated to CoinDesk, suggesting many view these moves as hedges against market volatility.
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!!!! NOTE: If you have a cryptocurrency trading account, please turn on the candlesticks in your account chart to understand these meanings more clearly If price breaks out of these areas, cultural support may turn into resistance, and resistance may turn into support In the above chart, once the price breaks the support level (1), it becomes the resistance level (2), and once the price breaks the resistance level (3), it becomes the support level (4)From a bull market perspective, when the market hits a previous low, it is more important than when the market hits a previous high. In a bear market, it is more important for the market to trade to the previous high than to trade to the previous low In other words, the more times a support or resistance area is "hit," the more important it is, and support and resistance areas are very important for consistent setups
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Whether you trade cryptocurrencies, forex, commodities, options, or stocks, support and resistance levels form the basis of most technical analysis chart patterns. It is the most important and legitimate quantity and price indicator. There is no one, very accurate, no lag, the price is at a certain level 〰️〰️🚨🚨🚨〰️〰️🚨🚨🚨〰️〰️Price doesn't know if it should be overbought or oversold and turns in the opposite direction, which by the way is where indicators can go astray. People have been fascinated by technical indicators for years, and in fact most trading platforms are filled with them
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