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The Bitcoin worth printed a minor achieve within the final 24 hours to commerce at $98,303.34 as of 4:47 a.m. EST as traders slowly begin to accumulate the biggest crypto by market cap.
Regardless of the uptick, the BTC worth remains to be down greater than 1% from its all-time excessive. The market chief reached a brand new report of $99,655.50 after failing to interrupt above the psychological $100K mark.
Bitcoin Value Rebounds Off Of Assist
4-hour chart for BTC/USDT (Supply: TradingView)
The Bitcoin worth bounced off of the help degree at $95,619.60, and is now trying to interrupt above the barrier at $99,616.08. Ought to it overcome this main threshold throughout the subsequent 12 hours, it may need the technical basis wanted to maintain rising within the brief time period.
Nonetheless, the Bitcoin worth getting rejected by the $99,616.08 resistance within the subsequent 12 hours may forestall any bullish transfer from occurring. On this different state of affairs, BTC would possibly find yourself retesting the $95,619.60 help. Falling under this security web may then result in the Bitcoin worth plunging to as little as $91,697.33.
Bitcoin Value About To Set off 2 Main Bullish Technical Flags
From a technical perspective, indicators on BTC’s 4-hour chart recommend the crypto’s worth would possibly maintain climbing within the subsequent 24 hours. Main bullish technical flags are on the verge of being triggered by each the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) indicators.
Within the final couple of hours, the RSI line has risen in the direction of the Easy Shifting Common (SMA) line. Now, the previous is trying to cross above the latter. Ought to the RSI clear the SMA line, it could possibly be seen as an indication that patrons have gained the higher hand towards sellers on BTC’s 4-hour chart.
Because the RSI tries to cross above its SMA line, the MACD line is concurrently closing in on the MACD Sign line. The narrowing hole between the MACD and MACD Sign strains, with the MACD under the Sign line, suggests BTC’s unfavorable section could be nearing its finish. A cross between these two strains would possibly point out that the Bitcoin worth has entered a brand new bullish cycle.
Whereas BTC tries to interrupt $100K, traders are flocking to a brand new PolitiFi token by the title of FreeDum Fighters (DUM) for the final word on-chain political conflict and post-election good points.
An On-Chain Political Conflict
With the highly-anticipated US election now over and the market turning their consideration away from the PolitiFi sector, FreeDum Fighters (DUM) has the chance to change into the go-to meme platform for US politics.
Initially, the undertaking offered traders a satirical solution to keep updated with the entire newest developments in US politics previous to the elections. With Donald Trump taking the White Home for a second time period, FreeDum Fighters now intends on staying round for the long run, cementing its place within the nascent PolitiFi area.
On the coronary heart of the meme coin’s ecosystem is the conflict between Magatron, representing Trump, and Kamacop, representing Kamala Harris. Though Trump has emerged victorious, the on-chain conflict between the Republican and Democratic events remains to be very a lot alive within the FreeDum Fighters ecosystem.
Political die-hards and crypto traders can select which candidate they need to again by locking up tokens in one of many candidate’s staking swimming pools, incomes excessive passive rewards within the course of.
At the moment, anybody who backs Magatron will unlock entry to a 245.44% staking APY. In the meantime, Kamacop supporters stand to earn as much as 388.97% in annual rewards.
Priorities 🫡 pic.twitter.com/raftApqA7r
— FreeDum Fighters (@Freedum_Fighter) November 19, 2024
As Trump enters his second time period, new characters are set to make their manner into the FreeDum Fighters ecosystem. Doge, the personification of the brand new Division of Authorities Effectivity, has already been deployed to Magatron’s crew. Becoming a member of him is Darkish MAGA.
Buyers Rush To Purchase DUM With Time Working Out
FreeDum Fighters just lately added a countdown timer to its presale, which has already raised over $628K. Buyers now have lower than 13 days to amass the meme coin earlier than its launch.
A number of crypto consultants have stepped ahead to share their bullish predictions for DUM. Amongst them is fashionable YouTuber Jacob Bury, who advised his greater than 44.5K subscribers that the meme coin may surge 10X after its launch.
Anybody that desires to place themselves forward of the undertaking’s launch surge can purchase the meme coin through the purchase widget embedded on the undertaking’s web site.
Promoting for $0.000095, DUM may be purchased with both ETH, BNB, BASE, USDT, SOL or USDC.
Buy DUM right here.
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