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.
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Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.
Some Bitcoin analysts see the BTC price heading above $80,000 immediately if Donald Trump beats Kamala Harris.
Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC’s consolidation?
Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.
Bitcoin faces a macro week like few others as BTC price action struggles to flip old resistance to bull market support.
Bitcoin’s volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.
Bitcoin sets up a volatile US election week with increasingly deep BTC price support retests below $70,000.
Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.
ADA’s gains largely coincide with the conclusion of the fourth Cardano Summit, among other catalysts.