Bitcoin Price Prediction: Michael Saylor Posts Fake BTC Donald Trump Quote As This PolitiFi Token Raises Over $350K In Pre-Sale

bitcoin price fell a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $72,397 at 00:43 am EST on trading volume that fell 26% to $39 billion.

This comes as Michael Saylor, CEO of MicroStrategy and prominent bitcoin advocate, shared a misleading post on October 30 on x, attributing a quote to Donald Trump that falsely stated, “bitcoin is money” and suggesting a tax-free stance about cryptocurrencies. .

The quote appears to come from the x Basedkarbon account, which claimed that Trump made these statements in a recent interview.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”10.59217877095″>

Trump is flirting with the idea of ​​making cryptocurrencies tax-free

From a recent interview:
“They make them pay taxes on cryptocurrencies and I don't think that's right. bitcoin is money and you have to pay capital gains taxes if you use it to buy a coffee? I was talking to a friend and he said, 'that.' .. pic.twitter.com/rMNonhqQ69

— carbon (@basedkarbon) twitter.com/basedkarbon/status/1850952783798624668?ref_src=twsrc%5Etfw”>October 28, 2024

bitcoin price will continue to rise

The bitcoin price chart shows btc moving within an ascending channel since September, with a possible breakout above resistance levels. According to data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Geckobtc price bulls capitalized on the $55,000 support to push the token higher.

The recent price action and position of the indicators suggest bullish sentiment, with a possible move towards the upper channel range around $75,000 if the momentum holds.

bitcoin price is now trading above the 50-day and 200-day SMA, affirming the growing bullish stance.

The Relative Strength Index (RSI) is approaching overbought territory (above 70), currently at 69.05, indicating that buying momentum is strong. However, if it enters overbought levels and stays there, this could indicate a continued uptrend.

A pullback can occur if the RSI crosses above 70 and begins to fall, but it is not a bearish signal unless there is a clear divergence with price.

The Moving Average Convergence Divergence (MACD) is in bullish territory with a recent positive crossover, meaning the MACD line has crossed above the signal line, a common buy signal. The MACD histogram also shows positive bars, reinforcing this bullish sentiment. This momentum could support further upside if it continues to expand positively.

bitcoin price prediction

btc/USD chart analysis indicates that the asset is currently in an uptrend, and bulls aim to capitalize on leading indicators to push bitcoin price further. If the bulls manage to overcome the $73,000 resistance, bitcoin price could shoot up further as they target $80,000.

However, if the bears take control here, the lower boundary of the ascending channel, around the 50-day and 200-day SMA ($63,373 to $64,367), should act as strong support.

Meanwhile, investors looking for opportunities in the PolitiFi space of the cryptocurrency market might consider FreeDum Fighters ($DUM)that has bIt lasted more than $363 thousand in funds raised in its pre-sale.

According to analyst and YouTuber Jacob Bury, with over 43,000 subscribers, DUM can potentially grow 10x when it launches.

FreeDum Fighters Presale: Next 10X Cryptocurrency?

FreeDum Fighters brings a fun touch to the US elections, inviting Investors will vote (participate) on who will emerge as leader of the free world after the US election on November 5: MAGATRON, a mechanized version of former President Donald Trump, or Kamacop 9000, representing Vice President Kamala Harris.

MAGATRON currently boasts a 309% annual return for its fans (bettors), while Kamacop 9000 offers a dazzling 1045% annual return.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.365439093484″>

Ready for this year's elections?

Get involved early by joining the twitter.com/Freedum_Fighter?ref_src=twsrc%5Etfw”>@Freedum_Fighter elections between MAGATRON and Kamacop

Cast your vote by participating in the twitter.com/search?q=%24DUM&src=ctag&ref_src=twsrc%5Etfw”>$DUM pre-sale and using their participation system by vote

Make sure you follow this project, you won't regret it. pic.twitter.com/j452Rht1Lq

— Red (@Redlion35) twitter.com/Redlion35/status/1847010460752925065?ref_src=twsrc%5Etfw”>October 17, 2024

$DUM holders can also participate in lively debates and earn rewards based on the performance of the chosen candidate.

DUM tokens are priced at $0.00006 right now. Buy before a price increase in just over 1 day to secure the best deal.

Visit the official FreeDum Fighters website to purchase $DUM tokens here using eth, BNB, USDT, USDC or SOL,

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