Bitcoin Price Prediction: BTC Hits New ATH After FOMC Cuts Interest Rates After Trump Win, And Traders FOMO Buy This New PolitiFi Crypto

The
Bitcoin
price
climbed
almost
2%
in
the
last
24
hours


to
trade
at
$75,910

as
of
02:19
a.m.
EST
on
trading
volume
that
dropped
29%
to
$58.8
billion.

BTC
hit
a
new
all-time
high
(ATH)
of
$76,943
on
Thursday
after
the
Federal
Reserve
cut
interest
rates
by
25
basis
points
as
expected. 

BREAKING:
Fed
cuts
rates
by
25
bp
as
Bitcoin
SMASHES
ATH…
AGAIN
????

pic.twitter.com/EUAIq89JHW

—
Swan
(@Swan)

November
7,
2024

The
price
of
Bitcoin
has
soared
after
Donald
Trump
won
the
US
election
on
Tuesday.
Investors
are
banking
on
Trump’s
promise
to
enact
a
more
favorable
regulatory
environment
for
the
crypto
industry.

Bitcoin
Price
Aims
For
A
Continued
Rally

The
chart
shows
a
clear
uptrend
in
WBTC/USD,
especially
with
the
strong
bullish
move
in
recent
candles.
There’s
a
“cup”
pattern
marked
or
the
rounding
bottom,
a
classic
bullish
reversal
pattern.
After
this
formation,
the
price
has
continued
its
upward
movement,
suggesting
a
breakout
from
this
pattern
with
potential
further
upside.

The
bulls
seem
to
be
using
the
$68,000
support
to
push
the
price
of
Bitcoin
even
further,
according
to
data
from


GeckoTerminal.

BTC
trades
well
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
a
confirmation
of
the
continued
uptrend.

The
Relative
Strength
Index
(RSI)
is
at
68.35,
which
is
approaching
overbought
territory
(above
70).
While
this
does
indicate
strong
buying
pressure,
it
could
also
suggest
that
the
asset
may
be
slightly
overextended
in
the
short
term.
A
move
above
70
would
enter
overbought
conditions,
potentially
leading
to
a
minor
pullback
or
consolidation.

Moreover,
the
MACD
line
(blue)
is
well
above
the
signal
line
(orange),
with
both
lines
positioned
in
positive
territory.
This
bullish
crossover,
with
significant
spacing
between
the
MACD
and
signal
lines,
shows
that
bullish
momentum
is
strong.

Bitcoin
Price
Prediction

Given
the
breakout
from
the
cup
pattern,
the
position
above
both
moving
averages,
and
strong
MACD
signal,
the
Bitcoin
price
has
a
good
chance
of
continuing
its
upward
trend.
In
such
a
scenario,
BTC
could
soar
as
high
as
$82,500
in
the
coming
days.

The
RSI
nearing
overbought
territory
suggests
that
while
momentum
is
strong,
the
asset
could
see
a
slight
pullback
or
consolidation
to
cool
off.
If
a
pullback
occurs,
potential
support
levels
could
be
around
the
50-day
SMA
($70,972)
or
200-day
SMA
($67,035).

As
the
Bitcoin
price
surges,
investors
seeking
opportunities
in
the
PolitiFi
segment
of
the
crypto
market
are
also
buying
into


FreeDum
Fighters
($DUM),
sending
its
presale
funds
soaring
past
$451k. 

According
to
analyst
and
YouTuber
Jacob
Bury,
with
over
43k
subscribers,
DUM
can
potentially
surge
10X
when
it
launches.

FreeDum
Fighters
Heads
For
$500k
–
Next
Crypto
To
Explode?

FreeDum
Fighters

combines
humor,
politics,
and
gamification
to
parody
the
US
presidential
election.

The
project
features
fictional
candidates
MAGATRON
and
Kamacop
9000,
who
are
locked
in
a
battle
for
“mechanized
supremacy.”

When
you
buy
DUM,
you
will
be
asked
to
vote
(stake)
for
either
the
passionately
patriotic
MAGATRON,
or
the
trailblazing
feminist
Kamacop. 

Right
now,
MAGATRON
offers
an
annual
staking
yield
of
270%,
while
Kamacop
9000
boasts
a
stratospheric
719%
return.
Token
holders
have
voted
overwhelmingly
in
favor
of
MAGATRON.

Ready
for
this
year’s
elections?

Get
involved
early
by
joining
the

@Freedum_Fighter
elections
between
MAGATRON
and
Kamacop
????

Cast
your
vote
by
participating
in
the

$DUM
presale
and
using
their
stake-to-vote
system
????️

Be
sure
to
follow
this
project,
you
will
not
regret
it.????????

pic.twitter.com/j452Rht1Lq

—
Red
(@Redlion35)

October
17,
2024

The
platform
offers
unique
engagement
experiences,
including
weekly
debates
and
airdrops. 

If
your
chosen
candidate
wins
a
debate
or
significant
favorable
events
arise,
you
will
receive
airdropped
rewards
added
to
your
staked
balance.
Only
those
who
have
voted
(staked)
will
qualify
for
these
rewards.

DUM
will
be
available
on
multiple
blockchain
platforms,
including
Ethereum
(ETH),
Binance
Smart
Chain
(BSC),
Base,
and
Solana
(SOL).

Visit
the
official
FreeDum
Fighters
website
to
buy
$DUM
tokens
here

using
ETH,
BNB,
USDT,
USDC,
or
SOL
for
$0.00007
apiece.

Buy
before
a
price
hike
in
about
1
day
to
secure
the
best
deal. 

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