Close Menu
Cryprovideos
    What's Hot

    Binance Netflow Knowledge Exhibits Diverging Altcoin Developments –

    June 28, 2025

    Greatest Altcoins to Purchase Now With Excessive Utility For 2025 – Subsequent 10X Cryptos?

    June 28, 2025

    Ethereum Day by day Transactions Simply Hit Its Highest Degree Since January 2024, Will Value Comply with?

    June 28, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Trader Outlines Path Forward for Bitcoin, Predicts BTC Breakout to New All-Time High – But There’s a Catch – The Daily Hodl
    Trader Outlines Path Forward for Bitcoin, Predicts BTC Breakout to New All-Time High – But There’s a Catch – The Daily Hodl
    Markets

    Trader Outlines Path Forward for Bitcoin, Predicts BTC Breakout to New All-Time High – But There’s a Catch – The Daily Hodl

    By Daily Hodl StaffNovember 1, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    A widely followed crypto analyst believes Bitcoin (BTC) still remains on track to hit new all-time highs (ATHs) after a correction earlier this week.

    In a new strategy session on the TechnicalRoundup YouTube channel, pseudonymous crypto analyst DonAlt says that he remains bullish on Bitcoin after it dipped into the $69,000 range.

    “So weekly good. And the daily is also excellent. We are at resistance, and that’s kind of what we’re battling with but it’s been a resistance that’s been tested a bunch of times — this is the sixth time. That’s a lot. That’s not something I would necessarily want to fade….

    I’m going to assume it’s a real all-time high breakout that is coming. Right now I’m team breakout.”

    Source: DonAlt/YouTube

    However, the analyst warns that next week’s US presidential election could create market volatility in the short-term.

    He says some investors are front-running Bitcoin on the belief that Republican Donald Trump will win. Trump is seen as more pro-crypto than his Democratic challenger Kamala Harris.

    “The only problem that we have that makes this a little bit of a risky trade, in my opinion, is that the US elections are coming. And the bet on Bitcoin has kind of been a bet on Trump before the elections.

    Right now, Bitcoin is pricing in a Trump win. That’s kind of what this recent price action has been, and what we’re going to get going into the election. People are thinking Trump is going to win, especially crypto people… If Trump loses, I think there’s a good chance that it goes short-term lower.”

    The analyst believes that in the long-term whoever is elected will not play a significant factor in Bitcoin’s price.

    “Generally speaking, whether Harris or Trump wins, I don’t think has much of an impact on where this is going to go… like the price whether Trump or Harris wins in a year would be roughly the same.”

    Bitcoin is trading for $69,941 at time of writing, down 3.3% in the last 24 hours.

     

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on X, Facebook and Telegram

    Surf The Daily Hodl Mix

    &nbsp

    2,200,000 Individuals Affected As Knowledge Breach Hits Retail Grocery Large – Names, Authorities IDs, Financial institution Account Numbers and Well being Data Stolen – The Every day Hodl

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Greatest Altcoins to Purchase Now With Excessive Utility For 2025 – Subsequent 10X Cryptos?

    June 28, 2025

    2,200,000 Individuals Affected As Knowledge Breach Hits Retail Grocery Large – Names, Authorities IDs, Financial institution Account Numbers and Well being Data Stolen – The Every day Hodl

    June 28, 2025

    Brazil Emerges as a Resilient Market Amid World Financial Uncertainty

    June 28, 2025

    Why 'Eve Frontier' Is Opening As much as Everybody With Free Trial Expertise – Decrypt

    June 28, 2025
    Latest Posts

    'Wealthy Dad Poor Dad' Writer Says This Asset Will Explode in July – Not Bitcoin

    June 28, 2025

    Trump says Bitcoin eases stress on greenback, boosts America's crypto dominance

    June 28, 2025

    Bitcoin Restoration Features Momentum Whereas Community Exercise Stays Muted – Danger Forward? | Bitcoinist.com

    June 28, 2025

    BTC Shrugs Off New Trump Tariff Risk as July Deadline Looms

    June 28, 2025

    Bitcoin Wobbles as Leverage Will get Crushed and Inflation Looms ‣ BlockNews

    June 28, 2025

    Bitcoin: Genius Group goals for file reserves

    June 28, 2025

    Musk's Tesla, SpaceX Amass $2 Billion Bitcoin, Up $1.5 Billion

    June 28, 2025

    Crypto Dealer Says Ethereum Rival Primed for Huge Crash After a Lifeless Cat Bounce, Updates Outlook on Bitcoin – The Every day Hodl

    June 28, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    REX pushes ETH and SOL staking ETFs by way of uncommon C-Corp as SEC softens stance

    May 31, 2025

    'The way to Purchase Crypto' Google Searches Hovering as Bitcoin Hits New Excessive

    January 21, 2025

    Gensler Slams Crypto Forward of His Exit

    January 9, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.