Blockchair-Logo
Is Bitcoin Ready To Break Through $70,000? Analyzing The Next Steps For The Crypto Leader Newsbtc vor 1 Woche

Is Bitcoin Ready To Break Through $70,000? Analyzing The Next Steps For The Crypto Leader 📈

As the US presidential election approaches, Bitcoin has reached $70,000—its highest in five months. This price surge aligns with Donald Trump leading polls against Kamala Harris, suggesting a potential shift in the cryptocurrency landscape depending on the election outcome.

Bitcoin’s current price increase is supported by a stock market rally, with analysts like Tony Sycamore from IG Australia noting the importance of maintaining this level to surpass the March record of $73,798. Trump’s pro-crypto stance contrasts with Harris’s cautious approach advocating regulatory frameworks.

Options traders are speculating on Bitcoin reaching $80,000 by November's end, irrespective of the election results. The implied volatility for the election day reflects market uncertainty. Spot Bitcoin ETFs in the US have net inflows of about $3.1 billion this month, boosting positive sentiment.

Crypto contributions in this election year amount to around $119 million, featuring strategic donations from companies like Coinbase and Ripple aiming for supportive legislation. Harris's regulatory stance has raised concerns, given the appointments of crypto critics during her tenure.

Conversely, Trump’s recent engagement with NFTs and a DeFi platform hints at his warming attitude towards crypto. Ali Martinez suggests Bitcoin could average a 46% gain in November, potentially reaching over $100,000, provided it remains above $70,000 to confirm a breakout.

Quelle: www.newsbtc.com ↗

Ähnliche Artikel (31)

Bitcoin Price Analysis: Targeting $76,600 Amid Record ETF Trading, Bhutan’s $66M Binance Transfer Cryptonews vor 5 Tagen
Bitcoin Price Analysis: Targeting $76,600 Amid Record ETF Trading, Bhutan’s $66M Binance Transfer
 Bitcoin trader sees all-time high 'this week' as BTC price nears $73K Cointelegraph vor 6 Tagen
Bitcoin trader sees all-time high 'this week' as BTC price nears $73K
Bitcoin Price Analysis: Breaks $70,000 Amid U.S. Election Buzz, Targets $72,500 Cryptonews vor 6 Tagen
Bitcoin Price Analysis: Breaks $70,000 Amid U.S. Election Buzz, Targets $72,500
 Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed Cointelegraph vor 6 Tagen
Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed
Bitcoin Price Rallies Above $70K: Is a New High Within Reach? Newsbtc vor 1 Woche
Bitcoin Price Rallies Above $70K: Is a New High Within Reach?
Three factors driving Bitcoin’s $71,000 rally and what analysts say will happen next DLNews vor 1 Woche
Three factors driving Bitcoin’s $71,000 rally and what analysts say will happen next
Bitcoin Needs Daily Close Above $76,000 To Confirm True Breakout: Analyst Newsbtc vor 5 Tagen
Bitcoin Needs Daily Close Above $76,000 To Confirm True Breakout: Analyst
Bitcoin Boom: Is BTC Preparing For Another 6X To $462,000? Newsbtc vor 4 Tagen
Bitcoin Boom: Is BTC Preparing For Another 6X To $462,000?
Bitcoin Recovery Sparks Hope For $73,811 Breakout, New All-Time High In Sight? Newsbtc vor 6 Tagen
Bitcoin Recovery Sparks Hope For $73,811 Breakout, New All-Time High In Sight?
Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December Newsbtc vor 1 Tag
Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December
Bitcoin Price Breaks Out Of 7-Month Descending Broadening Wedge Pattern For Continuation Above $70,000 Newsbtc vor 5 Tagen
Bitcoin Price Breaks Out Of 7-Month Descending Broadening Wedge Pattern For Continuation Above $70,000
Here’s What To Expect From The Bitcoin Price In November After Breaking Above $70,000 Bitcoinist vor 6 Tagen
Here’s What To Expect From The Bitcoin Price In November After Breaking Above $70,000
Bitcoin: Why $84K could be the next target as BTC nears ATH Ambcrypto vor 5 Tagen
Bitcoin: Why $84K could be the next target as BTC nears ATH
Bitcoin Price Today Rallies Above $73k, Is $84k Within Reach? Coinpedia vor 5 Tagen
Bitcoin Price Today Rallies Above $73k, Is $84k Within Reach?
Bitcoin Price Prediction: What’s Fueling the Current Surge and Will It Last? Coinpedia vor 4 Tagen
Bitcoin Price Prediction: What’s Fueling the Current Surge and Will It Last?
Can Bitcoin Reach New Record Levels Soon? Bitcoinhaber vor 3 Tagen
Can Bitcoin Reach New Record Levels Soon?
Bitcoin Price Prediction: Will Price Soar to $72k Without Revisiting the $64k Support? Coinpedia vor 1 Woche
Bitcoin Price Prediction: Will Price Soar to $72k Without Revisiting the $64k Support?
Bitcoin is All Set to Achieve $70k and it’s Happening Soon! Coinpedia vor 1 Woche
Bitcoin is All Set to Achieve $70k and it’s Happening Soon!
Bitcoin Set to Hit $72,000, Thanks to Metaplanet’s Strategic Move Coinpedia vor 1 Woche
Bitcoin Set to Hit $72,000, Thanks to Metaplanet’s Strategic Move
Bitcoin Historical Data Hints at Imminent BTC Break Above $73,000 Beincrypto vor 1 Woche
Bitcoin Historical Data Hints at Imminent BTC Break Above $73,000
Will Bitcoin Prices Continue to Rise? Bitcoinhaber vor 6 Tagen
Will Bitcoin Prices Continue to Rise?
BTC Price Crosses $71k, Poised for $90k by November’s End? Coinpedia vor 6 Tagen
BTC Price Crosses $71k, Poised for $90k by November’s End?
Bitcoin Bull Run: Analysts Predict $88K by December After Major Breakout Coinpedia vor 5 Tagen
Bitcoin Bull Run: Analysts Predict $88K by December After Major Breakout
Will Bitcoin Surpass $70,000 This Time? Bitcoinhaber vor 1 Woche
Will Bitcoin Surpass $70,000 This Time?
Bitcoin $71,000 stacker news vor 1 Woche
Bitcoin $71,000
Will Bitcoin Price Continue to Rally? Analyst Comments on Special MetriC Bitcoinsistemi vor 6 Tagen
Will Bitcoin Price Continue to Rally? Analyst Comments on Special MetriC
Will Bitcoin Reach New Price Peaks Soon? Bitcoinhaber vor 5 Tagen
Will Bitcoin Reach New Price Peaks Soon?
Bitcoin Gearing Up for Breakout, $175K Target This Cycle – Analyst Coin Edition vor 3 Tagen
Bitcoin Gearing Up for Breakout, $175K Target This Cycle – Analyst
Factors Suggest Possible Bitcoin Surge Amid Market Optimism and Political Influence Coinotag vor 1 Woche
Factors Suggest Possible Bitcoin Surge Amid Market Optimism and Political Influence
Bitcoin October Rally Sparks Optimism for November Gains Amid Predictions of $76,000 Minimum and Potential $100,000 Milestone Coinotag vor 4 Tagen
Bitcoin October Rally Sparks Optimism for November Gains Amid Predictions of $76,000 Minimum and Potential $100,000 Milestone
Bitcoin May Approach Six-Figure Prices by 2025 If It Surpasses Key $72,000 Resistance Level Coinotag vor 6 Tagen
Bitcoin May Approach Six-Figure Prices by 2025 If It Surpasses Key $72,000 Resistance Level