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US elections and the Fed: How will Bitcoin react? Bitcoin (BTC) had a volatile start to the US election week. Analysts are expressing their views that the election results could create major movements in the crypto market. Speculations are increasing that Bitcoin could reach six-figure levels by the end of 2024. BTC, which approached an all-time high last week, fell to $67,000 with the sell-off that continued throughout the weekend. The decline in BTC was attributed to Kamala Harris's lead over Donald Trump in the polls. On-chain analysis platform Spot On Chain reported that the pullback in $BTC was a correction and that the price will continue to rise in the near future. The US presidential election and the Federal Open Market Committee (FOMC) meeting falling in the same week could lead Bitcoin (BTC) to enter one of its most volatile periods ever. According to Spot On Chain's market analysis based on historical data, significant increases were generally seen after the US elections. This trend could push BTC upwards regardless of who is elected president. The analysis emphasized that $100,000 is an achievable target for the BTC price. Crypto analyst Ali Martinez drew attention to the fact that BTC, which was traded below $12 in 2012, increased by 10,640 percent after the elections. Martinez emphasized that a similar scenario occurred after the 2016 elections and BTC increased by 2,698 percent during the period in question. In the last US presidential election held in 2020, the price of BTC increased from $14,000 to $69,000. Analyst Miles Deutscher suggested that the elections could have a serious impact on the market in the short term. The analyst stated that if Trump is elected president, a severe crypto bull could occur, and if Harris wins, the increases will slow down. Nevertheless, the analyst believes that the crypto bull will occur regardless of who is elected president. #CryptoDeNostradame #ParrotBambooCrypto
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Watch out for these memecoins: There may be movement in the short term. With the US presidential election one day away, movement has begun in the memecoin market. The US presidential election, which will take place on November 5, continues to affect the cryptocurrency market. Donald Trump's lead on the decentralized prediction platform Polymarket had carried Bitcoin to $72,500. However, Kama Harris' closing the gap later brought a sharp decline in BTC. Sharper declines were observed, especially in altcoins. 1- MAGA (TRUMP) MAGA, the leading name of PolitiFi tokens, has become active again one day before the election. MAGA, which increased by 14.59 percent in the last 24 hours, exceeded a market value of $150 million. If Donald Trump is elected president, volatility in the parity will increase. What investors should pay attention to is the idea of "buy the expectation - sell the reality". In short, selling pressure may increase in MAGA after the election is completed. 2- Kamala Horris (KAMA) Kamala Harris, who is gaining strength again in Polymarket, surprised her investors with the fall of KAMA. KAMA, which lost 16.28 percent in the last 24 hours, fell to a market value of $ 16 million. It seems that selling pressure will increase in the parity if Harris loses the election race. 3- Super Trump Coin (STRUMP) Another memecoin with a Donald Trump theme, STRUMP, left its mark on the day with a 47.91 percent increase in the last 24 hours. STRUMP, which made a difference not only to memecoins but also to the altcoin market in general, reached a market value of $ 14 million. In addition, PolitiFi coin, which is approaching $ 1 million in trading volume, gave confidence to its investors. #CryptoDeNostradame #ParrotBambooCrypto
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Celestia (TIA) is giving signals of rise. Celestia (TIA), which recently had an unlocking, may enter a potential uptrend according to technical analysis. On October 31, 175 million TIA, corresponding to $ 1 billion, was unlocked. TIA, which decreased by 7 percent with the unlocking in question, has been showing signs of recovery in recent days. TIA's breaking of the falling wedge formation on the four-hour price chart attracted attention. AMBCrypto interpreted the breaking of the falling wedge formation as an upward reversal signal. In a prepared chart analysis, an upward expectation was expressed for Celestia ($TIA ). Despite the decline it has experienced in recent days, the TIA price has approached an important resistance zone. TIA, which is trading in the $ 4.5 region, gave a bullish signal in technical indicators. You may be interested in: Last 24 hours for Bitcoin (BTC): Volatility will increase! AMBCrypto used the following expressions in the analysis; “In particular, if the resistance level at $4.92 is broken, the price may rise to $5.43. Breaking this resistance level could attract more investors and trigger a major rally.” TIA has also started to attract attention on social media platforms. According to the latest data, the token’s social dominance rate has increased to 0.205 percent. The increase in these mentions can usually lead to high trading volume and investor enthusiasm. The analysis, which evaluates social metrics, stated that “It can rise with this metric.” According to the chart analysis published by AMBCrypto, the TIA price may make a significant upward movement in the short term. The analysis stated that TIA should break the resistance at $5.43. If TIA remains above this level, it may settle in the range of $6.20 to $6.5. The analysis noted the following; “If the $6.20 to $6.5 zone is breached, a larger rally could begin and TIA could attract the attention of a broad range of investors.” #CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin (BTC) last 24 hours: Volatility will increase! Crypto investors should prepare for volatility with the US presidential election just one day away. Traders and analysts predict that Bitcoin could move at least 10 percent. According to one trader, the price of Bitcoin could move at least 10 percent depending on which candidate wins the US presidential election on November 5. Bitcoin’s volatility has reached its highest level in the last three months, while price fluctuations have also increased. In a post on November 4, crypto trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s weekly close was “not very clean,” but the upcoming election could change that. Daan predicted that Bitcoin’s price would move “at least 10 percent” depending on which candidate wins the election. As of writing, Bitcoin is trading at $68,682, down 0.5 percent in the last 24 hours. In addition, according to crypto exchange Derebit, Bitcoin’s volatility index reached its highest level in the last three months on November 3. Bitcoin came very close to ATH last week. It reached $74,649 on October 29, but experienced sharp selling pressure due to election uncertainty. In an investment note reviewed by Cointelegraph on November 4, IG Markets analyst Tony Sycamore stated that Bitcoin needs to make a sustained break above the $74,000 resistance. If this happens, he predicted that Bitcoin could make a sharp rise to $80,000. Sycamore also added that a sustained drop below the $65,000 support level would indicate that last week’s rally has failed and that Bitcoin could return to its seven-month downward channel. The sentiment towards Bitcoin ahead of the election is optimistic. Market experts expect a positive trend and a few positive winds for risk assets, regardless of which candidate wins. Trump, known as a crypto-friendly, is seen as a more positive figure for crypto assets in the short term. Trump has made many promises to protect the US crypto industry and encourage innovation. #CryptoDeNostradame #ParrotBambooCrypto
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Aptos (APT) has gone silent: Can it recover? APT, which lost blood in the week when Bitcoin (BTC) made a big decline, has fallen below $ 8. The APT price fell to $ 7.9 the other day. AMBCrypto emphasized that the APT price tested a critical support level of $ 8.09 and that the support level in question is of critical importance. Whether the popular altcoin will show an upward trend will depend on the appetite of the bulls. In the analysis titled “Which way will Aptos make its next big move?”, the course of the layer-1 project with the Move infrastructure was evaluated. In the analysis, it was emphasized that APT investors sold aggressively and the selling pressure continued to increase. Although APT showed signs of recovery after falling to $ 7.9, it has not yet gained strength. Crypto analysts emphasized that many altcoins, especially APT, were affected by the uncertainty in BTC. AMBCrypto noted the following for APT; “APT is at a key point on the chart. The critical point in question was determined as $8.09. Generally, a support level attracts sufficient buying pressure and triggers a price recovery, but this is not always guaranteed. In the event of a bounce from this level, the price may fall back to a nearby supply zone.” The analysis stated that if $APT continues its downtrend, it could fall to $7.23. If the popular altcoin loses this support level, it could fall to $6.42. According to the chart analysis prepared by AMBCrypto, the last stronghold for APT will be the $5.77 support. In the event of a possible rise, $8.22 will be expected to be broken. The potential break could carry APT to the supply zone at $9.50. Commenting on APT's net flow on exchanges, AMBCrypto commented, “Confidence has decreased.” The analysis warned investors to be cautious. #CryptoDeNostradame #ParrotBambooCrypto
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