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The Bitcoin worth edged up a fraction of a % within the final 24 hours to commerce at $91,919 as of 11:22 a.m. EST on buying and selling quantity that dropped 2% to $75 billion.
This comes as president-elect Donald Trump introduced the nomination of Howard Lutnick, CEO of Wall Avenue large Cantor Fitzgerald, as the following Secretary of Commerce.
Lutnick has expressed sturdy help for Bitcoin, describing it as a transformative asset that would reshape the worldwide monetary system.
The BTC worth earlier surged to a brand new all-time excessive of $94,022.
Bitcoin Worth Might Nonetheless Soar To A New Excessive
The Bitcoin worth has strongly damaged out of a bullish reversal sample (Head and Shoulders) above the neckline at $65,100, confirmed by rising quantity and sustained motion above key shifting averages.
The steep rally after the breakout and better highs point out the continuation of an uptrend, in line with knowledge from GeckoTerminal.
After the breakout rally, a smaller rising channel is creating on the present excessive ranges. This might sign some short-term consolidation that would result in a sustained rally.
The value of Bitcoin now trades above each the 50-day and 200-day Easy Transferring Averages (SMAs), which is a affirmation of the continuing uptrend.
The Relative Energy Index (RSI) is within the overbought zone, presently at 76, indicating sturdy bullish momentum but additionally suggesting that the value could also be due for a short-term pullback or consolidation earlier than persevering with greater.
Furthermore, the Transferring Common Convergence Divergence (MACD) line is considerably above the sign line, with a widening hole, reflecting sturdy bullish momentum. The histogram exhibits constant constructive bars, reinforcing the continuation of the uptrend.
Bitcoin Worth Prediction
In line with the Bitcoin worth evaluation on the 1-day chart, BTC worth is presently on a bullish pattern, with main indicators, together with the RSI and MACD, exhibiting that the value should still soar to new highs.
If the momentum sustains, the Bitcoin worth should still soar, breaching the earlier all-time excessive at $94,040, because the bulls goal $100,000.
Conversely, because the RSI exhibits that the value is now overextended, the bears could take management of the value, which can drive BTC to the following doable help degree at $71,987, inside the 50-day SMA.
Because the Bitcoin worth soars, traders are shopping for into a brand new PolitiFi meme coin referred to as FreeDum Fighters ($DUM), with its presale blasting previous $598k in funds raised.
In line with 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 designed round a futuristic world the place customers have interaction with candidates MAGATRON, a robust robotic entity, and ‘KAMACOP,’ a trailblazing feminist, representing Donald Trump and Kamala Harris, respectively.
Buyers who purchase DUM tokens are requested to vote (stake) for his or her most well-liked candidate. Thus far, 56% have chosen MAGATRON and are presently supplied an annual staking yield of 251%.
The rest have voted (staked) for Kamacop, which gives a blinding 412% staking return.
FreeDum Fighters has plans to introduce extra political figures into the combination sooner or later, with DOGE probably changing into the face of the brand new Division of Authorities Effectivity beneath the Trump administration. The location has already featured Darkish MAGA in its paintings.
This imaginative and prescient positions FreeDum Fighters as a long-lasting undertaking and a number one platform for meme-ified PolitiFi.
Prepared for this 12 months’s elections?
Become involved early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Solid your vote by taking part within the $DUM presale and utilizing their stake-to-vote system 🗳️
You should definitely comply with this undertaking, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Crimson (@_Redweb3) 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 holds energetic weekly political debates for token holders.
Go to the official FreeDum Fighters web site to purchase $DUM tokens right here utilizing ETH, BNB, USDT, USDC, or SOL, with every token price $0.000085.
Purchase earlier than a worth hike in a bit greater than 1 day to get the most effective 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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