Bitcoin price is approaching $100,000, but this PolitiFi coin could multiply by 100

Join our Telegram channel to stay up to date on breaking news coverage

The price of bitcoin has soared 4.5% in the last 24 hours <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin“>trading at $97,535 at 3:30 a.m. EST with an 18% increase in trading volume to $105 billion.

This price increase comes as President-elect Donald Trump considers Teresa Goody Guillén, a blockchain expert and seasoned securities attorney, for the position of SEC Chair.

BREAKING NEWS:

Trump considers cryptocurrency lawyer Teresa Goody Guillén to replace Gary Gensler as SEC chair – Coin Desk pic.twitter.com/UBturdoo4M

— Radar (@RadarHits) <a target="_blank" href="https://twitter.com/RadarHits/status/1859003622144831742?ref_src=twsrc%5Etfw”>November 19, 2024

Goody Guillen enters a competitive list to replace current SEC Chairman Gary Gensler, who recently began referring to his job in the past tense and is expected to resign before Trump's inauguration on January 20, 2025.

His possible appointment signals a shift towards pro-crypto policies and lighter regulations in the US, generating optimism in the cryptocurrency market.

bitcoin Price Recovers Along Parabolic Curve

bitcoin's journey to $97,576 has been nothing short of extraordinary as it steadily moves towards the long-awaited $100,000 milestone. Over the past few weeks, the price has followed a striking parabolic curve, indicating intense buying pressure and enthusiasm from traders and investors alike.

Around $50,000 to $55,000, bitcoin has established a major support zone, a level that has been tested and respected several times in the past. This area represents the safety net for possible corrections. The golden cross, a key bullish signal, occurred when the 50-day moving average of $72,758 rose above the 200-day moving average of $65,345. This alignment of moving averages indicates that the long-term trend remains firmly bullish.

BTCUSD analysis source: <a target="_blank" href="https://www.tradingview.com/x/HfSTn4Yu/”>Commercial view

bitcoin price technicals point to short-term decline

However, the twist is the Relative Strength Index (RSI), now at 81.75. This indicates that bitcoin price is in the overbought region, a warning sign that the rally may experience a pause or pullback as the market takes a breather.

If this happens, bitcoin could return to levels like $72,000 or even $65,000, where moving averages would offer support. In a more dramatic scenario, the price could test the strong support zone between $50,000 and $55,000 before regaining momentum.

The focus is on $100,000, a critical level that could define bitcoin's next chapter. A breakout beyond this point could push the price towards $105,000-$110,000, driven by FOMO (fear of missing out) and renewed interest.

On the other hand, failure to maintain the parabolic trajectory could open the door to corrections, offering an opportunity for patient buyers to re-enter the market.

FreeDum Fighters Pre-Sale Surpasses $603,000 – The Next Cryptocurrency to Explode?

As the price of bitcoin approaches the $100,000 area, investors are buying a new meme coin from PolitiFi called FreeDum Fighters (DUM), and its pre-sale surpassed $603,000 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 is a politically themed meme coin set in a futuristic world where users engage in dynamic interactions with two prominent candidates: MAGATRON, a powerful robotic figure representing Donald Trump, and KAMACOP, a pioneering feminist symbolizing Kamala Harris.

Enjoy high risk rewards

Holders of the project's native token, DUM, can stake their tokens to vote for their favorite candidate. So far, 56% of token investors who have chosen MAGATRON are enjoying an impressive 249% annual return. Meanwhile, those betting on Kamacop are seeing a staggering 408% annual return.

The FreeDum Fighters ecosystem will expand by introducing additional political figures to its world. In a fun nod to the Trump administration, the team envisions DOGE potentially leading the Department of Government Efficiency. The project has also featured Dark MAGA in its unique artwork, further drawing on its bold political themes.

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

Positioned as a pioneer in the emerging PolitiFi space, FreeDum Fighters aims to create a lasting platform that combines meme culture with political engagement.

The project supports ethereum (eth), Binance Smart Chain (BSC), Base and Solana (SOL), ensuring wide accessibility for users. Token holders can also participate in lively weekly political debates, adding a community-driven element to the ecosystem.

DUM tokens are currently priced at $0.000085 and can be purchased using eth, BNB, USDT, USDC, or SOL. However, with a price increase planned in the next 5 hours, now is the perfect time to join the movement and secure tokens at the current price.

Buy DUM from its official website here.

Most Wanted crypto Launch: Pepe Unchained