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The Bitcoin worth managed to print a slight gain within the final 24 hours to commerce at $67,191.10 as of seven:34 a.m. EST.
Regardless of the lackluster 24-hour efficiency from the BTC worth, Bitwise’s head of alpha methods, Jeff Park, predicts that the crypto’s worth will rally to as excessive as $92K if former US President Donald Trump retakes the White Home.
Charting $BTC worth towards Trump’s odds (by way of @Polymarket) from 8/15 to 10/20 reveals some wild swings—notably when Harris and Trump took turns main. By making use of merger arb-style chance math, I venture a Trump victory might push BTC to ~$92,000
Take that as you’ll pic.twitter.com/OGy8M3Vju1
— Jeff Park (@dgt10011) October 22, 2024
The Bitcoin Value Rebounded Off Of Help
4-hour chart for BTC/USDT (Supply: TradingView)
The Bitcoin worth rebounded from the $65,937.66 help after briefly dropping beneath this technical security web within the final 24 hours. After recovering again above this significant mark, the main crypto’s worth has been in a constructive sequence and is now trying to flip the $67,937.34 resistance degree into help.
Ought to BTC shut a 4-hour candle above $67,937.34 inside the subsequent 12 hours, the crypto might have the technical basis wanted to proceed climbing within the following 24 hours. Merchants may subsequently push the Bitcoin worth to as excessive as $69,693.15.
Then again, the Bitcoin worth failing to shut a 4-hour candle above $67,937.34 within the coming 12 hours might convey an finish to the crypto king’s constructive short-term sequence. On this different case, merchants may begin to enter into quick positions for the crypto. BTC might then find yourself dropping the $65,937.66 help and plunge to $63,401.48.
Bulls Are Slowly Beginning To Take Management Of The Bitcoin Value
Technical indicators on BTC’s 4-hour chart counsel the Bitcoin worth may rise via the course of the subsequent buying and selling day. Most notably, the Shifting Common Convergence Divergence (MACD) indicator is on the verge of triggering a serious bullish technical flag.
Within the final couple of hours, the MACD line has risen in direction of the MACD Sign line. Now, the prior is trying to interrupt above the latter. Ought to this intersection occur, it might point out that the Bitcoin worth has entered a constructive pattern and can hold climbing.
In the meantime, patrons lately gained the higher hand on BTC’s 4-hour chart, as instructed by the Relative Energy Index (RSI) line’s positioning above its Easy Shifting Common (SMA) line.
Nonetheless, the present RSI studying beneath 50 nonetheless warns of a bearish grip on the main crypto’s worth. However, the constructive slope of the RSI means that bulls are presently accumulating power towards their bearish counterparts.
With the US presidential election now simply 12 days away, traders may need to check out the brand new political meme coin FreeDum Fighters (DUM).
It’s a brand new venture that Youtuber Jacob Crypto Bury, with 43.1K subscribers, calls “an absolute beast” of a meme coin with the potential to generate 10X returns for traders.
A Humorous Take On The Upcoming US Election
FreeDum Fighters (DUM) takes a lighthearted take a look at the upcoming US presidential election with a humorous tackle political occasions. With the political rivalry between Trump and Democrat Kamala Harris heating up, the venture introduces its personal conflict between the fictional Magatron and Kamacop characters.
Traders not solely get to have amusing as political developments hit the market, however can even win some significantly spectacular staking rewards.
Not like the traditional presale that gives a single staking yield for locking up the venture’s token, the crew behind FreeDum Fighters (DUM) has opted to take a special strategy and provide rewards tied to each Magatron and Kamacop.
That is completed to encourage a kind of gamified election whereby presale traders, who additionally turn out to be voters, are rewarded for backing one of many venture’s characters.
In a single nook is Magatron, also called “The MAGA Machine,” who provides presale patrons who stake their tokens as much as 405.78% in annual rewards. Within the different nook is Kamacop, providing its backers a blinding 1,766.16% staking return.
Betting On DUM’s Future
Though the meme coin remains to be within the early phases of its presale, it has already raised over $262K.
Who’s prepared for debates? pic.twitter.com/HWYUTwcyyF
— FreeDum Fighters (@Freedum_Fighter) October 24, 2024
Promoting for $0.00005, DUM might be purchased with both ETH, BNB, BASE, SOL, USDT or USDC. As soon as bought, the tokens can then be locked up via the stake/vote web page for outsized staking rewards.
A worth hike is coming in lower than half-hour so purchase shortly in case you are .
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- 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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