Bitcoin Price Analysis as Trump Polymarket Odds Fall, Crypto Liquidations Hit $350M, and This New PolitiFi ICO Closes at $500K

bitcoin price up a fraction of a percent in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>listed at $68,823 At 03:29 am EST, trading volume increased 42% to $33.6 billion.

this comes later Polymarket The odds of a Trump victory in tomorrow's US election plummeted 9% last week. They have since recovered slightly, with the Republican's chances increasing 3% in the last 6 hours to sit at 57% at 3:17 am EST.

The price of bitcoin briefly fell below $69,000, sparking huge sell-offs in the cryptocurrency market, reaching $350 million on long bets of $259.7 million and short bets of $90.1 million. dollars.

Analysts have speculated that bitcoin could recover if Trump wins after he promised to be “crypto president” if elected. Trump also promised to fire Securities and Exchange Commission Chairman Gary Gensler and make the United States “the cryptocurrency capital of the world.”

bitcoin price could maintain its bullish rally

bitcoin price has seen a sustained rally since September, according to analysis of the btc/USD chart on the 12-hour period. btc has been posting higher lows and higher highs as bulls capitalized on the $56,000 support level to push bitcoin price through an ascending channel pattern, as data from eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko sample.

bitcoin price is now trading above the 50-day and 200-day simple moving averages (SMA), indicating that btc could still skyrocket.

However, the Relative Strength Index (RSI) appears to be in correction and is currently falling below the 50 midline, an indication that btc is under some selling pressure as it is trading within the lower boundary of the ascending channel.

bitcoin price investors aim to maintain the current trend, which could possibly take bitcoin price to the next possible target of $76,000.

However, if the price falls below the channel, the next possible support level could be inside the 200-day SMA at $62,400.

Meanwhile, investors looking for other opportunities in the PolitiFi space of the cryptocurrency market might consider FreeDum Fighters ($DUM)which has exceeded $417,000 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: The Next Cryptocurrency to Explode?

The FreeDum Fighters project brings a satirical spin to the US elections, pitting two mechanized leaders against each other in the blockchain version of the presidential election.

The candidates are MAGATRON, posing as Donald Trump, and Kamacop 9000, representing Vice President Kamala Harris.

<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 purchase and stake tokens in support of their favorite candidate, participate in lively debates, and earn rewards based on the chosen candidate's performance.

Early pre-sale contributors can back their choice by staking $DUM with MAGATRON or Kamacop 9000.

MAGATRON currently boasts a 284% annual return for its stakeholders, while Kamacop 9000 offers a dazzling 774% annual return.

Visit the official FreeDum Fighters website to purchase $DUM tokens here using eth, BNB, USDT, USDC or SOL for $0.000065 each.

Interested investors should buy soon because the price will increase in just over 1 day.

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