Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
Bitcoin Price news
Solana gains alongside Bitcoin’s US election-related rally, and data hints that SOL price could hit $200.
Analysts say Bitcoin is ready to test new highs after the US elections conclude, but $70,000 needs to hold as support first.
BTC price volatility makes a snap entrance as US Presidential Election voting begins — and Bitcoin analysts have a sense of deja vu.
The latest market analysis suggests that if Bitcoin’s MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.
Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000.
Over $9.4 billion worth of Bitcoin was owed to approximately 127,000 Mt. Gox creditors for over 10 years.
Post-election price volatility could set the stage for Bitcoin’s rally to a new record high above $73,800.
BTC price strength will be back with a vengeance early in 2025, analysis predicts, but the US Presidential Election will bug Bitcoin bulls until Inauguration Day.
Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.