Bitcoin (BTC) price to hit the new ATH as long as it is above this resistance zone (analyst).

TL; DR

Analysts Share Optimistic BTC Price Predictions A businessman thinks that a $300,000 raise will be made sometime next year.
The US presidential election on November 5 may bring BTC volatility due to the crypto policies of the candidates.

In this case, a new tip

Bitcoin price has been one of the hottest topics in the crypto space in the past few days. He Up to $73,600 (just $150 away from touching new all-time high) On October 29 Before retreating slightly to the current $72,200 (per CoinGecko's data).

In moderation Expectedthe impressive performance has caught the eye of many industry participants, Many of them He predicted that a new peak could be around the corner. One of those who chipped in was popular X user Michael Van de Pop. He He said he deserved it. BTC recently strengthened “before proceeding to new ATHs”.

The analyst believes that if the asset continues above the critical resistance level of $70,000, the asset will remain at the forefront.

Investor and BTC maxi Fred Krueger also gave his two cents. He said the major cryptocurrency is still “below the 75ish power law trend,” with a major rally to $300,000 sometime next year. “Don't even think about selling your Bitcoin,” he advises.

Earlier this week, Mikybull Crypto It is mentioned BTC has experienced something called a “golden cross”. This technical chart pattern occurs when an asset's short-term moving average (usually a 50-day) crosses over a longer-term moving average (such as a 200-day). The emergence of the “Golden Cross” is the opposite of the “Death Cross” and may be an additional prerequisite for going higher.

Improved volatility income?

Due to the US presidential election (scheduled for November 5th) coming up next week, BTC is likely to experience significant price swings as soon as next week.

Voters will have to choose between Republican Donald Trump and Democrat Kamala Harris. The former showed a round at the beginning of this year Huge Support for the cryptocurrency sector. For example, BTC has promised to prosper and SEC Chairman Gary Gensler (considered to be the biggest enemy of the industry) will fire him, if he wins.

Harris, on the other hand, was not as vocal on the issue. Earlier this month, she finally mentioned the crypto sector; A lawyer A comprehensive crypto regulatory framework to protect the “black men and others” who participate in the market. However, she did not deliver. Clear Details on possible regulations.

That said, it will be interesting to see who wins and enters the White House and how the market reacts to the news.