30s Summary

Bitcoin recently increased in value by 7.23% in four hours, reaching a record high value of $75,358, following the US election in which Donald Trump emerged victorious. Given President Trump’s perceived pro-cryptocurrency stance, some enthusiasts believe Bitcoin could surpass $100,000 in value soon. An independent trader noted a “cup-and-handle” pattern, usually indicative of a value increase, predicting Bitcoin could reach $110,000. Additionally, heightened trading activity often precedes significant value escalation. Furthermore, the Bitcoin index on Coinbase signaled positivity for US retail investors. However, potential investors are warned to examine the risks associated with Bitcoin investment.

Full Article

Wow, Bitcoin is really making some waves! It recently hit its highest value ever, $75,358, after jumping up by 7.23% in just four hours. Crazy, right? This comes hot on the heels of the US election, where Donald Trump came out on top.

With a president who’s seemingly pro-crypto, some Bitcoin enthusiasts are suggesting that Bitcoin’s value could sail past $100,000 in the next few weeks.

Not too long after the election results rolled in, an independent trader dubbed “Titan of Crypto” pointed out that Bitcoin is on its way up, supported by something they call a “cup-and-handle” pattern. This pattern often predicts a successful surge in value.

For those of you who aren’t crypto wizards, the cup-and-handle pattern is a good thing! It has a 95% success rate during a bullish (or positive) market, and can lead to an average profit of 54% after the surge.

What’s even cooler? The Titan of Crypto predicts Bitcoin could skyrocket to $110,000! If you bought in now, that would be a tidy little 47% return on your investment based on the current $75,000 price.

Follis, another Bitcoin trader, highlighted a recent Bitcoin trading surge, which he says often precedes a massive increase in Bitcoin’s price. The last time we saw this much volume, Bitcoin’s value jumped up 50%.

And for the US-based investors out there, there’s some good news too. After a sell-off in October, the Bitcoin index on Coinbase turned positive for the first time this quarter. When the index goes green, it’s typically a sign that US retail investors are buzzing with activity.

Just before the US election results, other Bitcoin exchanges also saw a positive pattern – indicating some serious buying action in anticipation of a Bitcoin value surge. These are exciting times for Bitcoin indeed! Just remember though, Bitcoin, like any other investment, carries some level of risk, so be sure to do your due diligence before sinking your hard-earned cash into it.