Bitcoin Price Hits New ATH After Trump Selects Howard Lutnick as Commerce Secretary, But Analysts Say to Consider This PolitiFi Token for 10x Gains

bitcoin price up a fraction of a percent in the last 24 hours <a target="_blank" href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $91,919 At 11:22 a.m. EST, trading volume fell 2% to $75 billion.

This comes as President-elect Donald Trump announced the appointment of Howard Lutnick, CEO of Wall Street giant Cantor Fitzgerald, as the next Secretary of Commerce.

Lutnick has expressed strong support for bitcoin, describing it as a transformative asset that could reshape the global financial system.

Previously, btc price rose to a new all-time high of $94,022.

bitcoin Price May Still Soar to New High

bitcoin price has strongly broken out of a bullish reversal pattern (head and shoulders) above the neckline at $65,100, confirmed by increasing volume and a sustained move above key moving averages.

The strong rally after the breakout and higher highs indicate the continuation of an uptrend, according to data from <a target="_blank" href="https://www.geckoterminal.com/eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko.

After the rally, a smaller ascending channel is developing at the current high levels. This could indicate some short-term consolidation that could lead to a sustained rally.

bitcoin price is now trading above the 50-day and 200-day simple moving averages (SMA), which is a confirmation of the ongoing uptrend.

The Relative Strength Index (RSI) is in the overbought zone, currently at 76, indicating strong bullish momentum but also suggesting that the price may be due for a short-term pullback or consolidation before continuing to rise.

Furthermore, the moving average convergence divergence (MACD) line is significantly above the signal line, with a widening gap, reflecting strong bullish momentum. The histogram shows consistent positive bars, reinforcing the continuation of the uptrend.

bitcoin price prediction

According to the bitcoin price analysis on the 1-day chart, the btc price is currently in an uptrend, with important indicators including the RSI and MACD showing that the price can still shoot up to new highs.

If the momentum holds, bitcoin price may still skyrocket, surpassing the previous all-time high of $94,040, as bulls target $100,000.

On the contrary, as the RSI shows that the price is now overextended, the bears may take control of the price, which may push btc to the next possible support level at $71,987, within the 50-day SMA.

As bitcoin Price Soars, Investors Are Buying a New PolitiFi Meme Coin Called FreeDum Fighters ($DUM)and its pre-sale exceeded $598,000 in funds raised.

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

FreeDum Fighters: The next cryptocurrency to explode?

FreeDum Fighters is a politically themed meme coin designed around a futuristic world where users interact with candidates MAGATRON, a powerful robotic entity, and 'KAMACOP', a pioneering feminist. representing Donald Trump and Kamala Harris, respectively.

Investors who purchase DUM tokens are asked to vote (bet) for their preferred candidate. So far, 56% have chosen MAGATRON and are currently offered an annual return of 251%.

The rest voted (bet) on Kamacop, which offers a dazzling 412% betting return.

FreeDum Fighters plans to introduce additional political figures into the mix in the future, and DOGE could become the face of the new Department of Government Efficiency under the Trump administration. The site has already featured Dark MAGA in its artwork.

This vision positions FreeDum Fighters as a long-lasting project and a leading platform for memeified PolitiFi.

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.357954545455″>

Ready for this year's elections?

Get involved early by joining the <a target="_blank" href="https://twitter.com/Freedum_Fighter?ref_src=twsrc%5Etfw”>@Freedum_Fighter elections between MAGATRON and Kamacop

Cast your vote by participating in the <a target="_blank" href="https://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 (@_Redweb3) <a target="_blank" href="https://twitter.com/_Redweb3/status/1847010460752925065?ref_src=twsrc%5Etfw”>October 17, 2024

Available on multiple blockchain platforms including ethereum (eth), Binance Smart Chain (BSC), Base, and Solana (SOL), FreeDum Fighters also hosts lively weekly political debates for token holders.

Visit the official FreeDum Fighters website to purchase $DUM tokens here using eth, BNB, USDT, USDC or SOL, and each token is worth $0.000085.

Buy before the price rises in just over 1 day to get the best deal.

Related news

Most Wanted crypto Launch: Pepe Unchained

• Layer 2 Meme Coin Ecosystem
• Featured on Cointelegraph
• SolidProof and Coinsult audited
• Staking Rewards – pepeunchained.com
• More than $10 million raised in ICO – Ends soon