Bitcoin’s price has been a hot topic in the crypto space, with the asset surging to $73,600 on October 29, just $150 shy of a new all-time high. This impressive performance has caught the eye of industry participants, many of whom predict that a fresh peak may be imminent.
Popular X user Michael van de Poppe believes BTC will continue towards new all-time highs as long as it stays above the critical resistance level of $70,000. Investor and BTC maxi Fred Krueger envisions a massive surge to $300,000 sometime next year, advising against selling any Bitcoin.
The upcoming US presidential elections on November 5 could drive BTC volatility due to the candidates’ contrasting crypto policies. Republican Donald Trump has shown huge support for the cryptocurrency sector, promising to let BTC thrive and fire SEC Chairman Gary Gensler if elected. Democrat Kamala Harris has advocated for a comprehensive crypto regulatory framework but has not provided clear details on potential rules.
As the election approaches, it remains to be seen who will enter the White House and how the market will react to the news. One thing is certain: Bitcoin’s price will continue to be a topic of great interest in the crypto community.
Source: https://cryptopotato.com/bitcoin-btc-price-to-hit-new-ath-as-long-as-it-stays-above-this-resistance-zone-analyst/
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