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The Bitcoin value climbed 1% within the final 24 hours to trade at $76,557 as of 9:09 p.m. EST, regardless of buying and selling quantity dropping 14% to $51.65 billion.
The Donald Trump election victory continued to pump markets over the previous 24 hours, with Bitcoin clocking one other all-time excessive at $77,252, based on CoinMarketCap.
Bitcoin Value Set For A Continued Rally
The Bitcoin value, based on the BTC/USD chart evaluation on the 4-hour chart, exhibits a transparent “cup and deal with” formation (highlighted in yellow). It is a bullish continuation sample, which typically suggests a possible upward breakout if confirmed.
Based on GeckoTerminal information, a sustained breakout above the resistance degree of round $76,500 may result in a big value rally.
BTC value now trades above each the 50-day and 200-day Easy Transferring Averages (SMAs), additional supporting the commonly bullish outlook of the value.
The Relative Power Index (RSI) is at the moment at 65.26. Though it’s within the increased vary, it’s not but in overbought territory (which usually begins above 70). This implies there’s nonetheless room for upward motion earlier than the value faces potential exhaustion. Nonetheless, the RSI approaching 70 signifies warning as momentum may start to decelerate as soon as it crosses into overbought ranges.
If the value continues to carry above the current breakout degree ($76,500), the upward momentum might prolong, probably aiming towards increased resistance ranges. On this state of affairs, the value of Bitcoin may soar even additional, because the bulls goal $83,000.
Nonetheless, if the value re-tests the 50-day SMA or dips under it, it may sign a consolidation part or a reversal of this development. In such a state of affairs, the value of Bitcoin may plunge to the following doable help degree on the 200-day SMA ($67,403).
Because the Bitcoin value soars after Trump’s landslide election win, many traders are pivoting to a brand new PolitiFi mission known as FreeDum Fighters ($DUM), with its presale blasting previous $454k in funds raised.
Based on analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can probably surge 10X when it launches.
FreeDum Fighters: Subsequent Crypto To Explode?
FreeDum Fighters is a political-themed meme coin that brings a showdown between election candidates MAGATRON, a passionate nationalist, and the trailblazing feminist KAMACOP 9000.
Buyers who purchase DUM tokens are requested to vote (stake) for his or her most popular candidate. Thus far, 70% have chosen MAGATRON and are at the moment supplied an annual staking yield of 296%.
The rest have voted (staked) for Kamacop, which affords a stunning 896% staking return.
Prepared for this 12 months’s elections?
Get entangled early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Forged your vote by collaborating within the $DUM presale and utilizing their stake-to-vote system 🗳️
Remember to observe this mission, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Pink (@Redlion35) October 17, 2024
Out there on a number of blockchain platforms, together with Ethereum (ETH), Binance Sensible Chain (BSC), Base, and Solana (SOL), FreeDum Fighters additionally makes use of its native $DUM token to let holders take part in debates and win rewards for the way their candidate performs.
Visit the official FreeDum Fighters website to buy $DUM tokens here utilizing ETH, BNB, USDT, USDC, or SOL, with every token price $0.00007.
Purchase earlier than a value hike in slightly greater than 1 hour to get one of the best deal.
Associated Information
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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