Bitcoin Price Analysis: BTC Surpasses $77,000 for First Time After Trump Election Victory as Traders Turn to This PolitiFi Token for 10x Profits

bitcoin price rose 1% in the last 24 hours eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>trading at $76,557 at 9:09 pm EST, despite trading volume falling 14% to $51.65 billion.

Donald Trump's election victory continued to boost markets over the past 24 hours, with bitcoin posting another all-time high of $77,252, according to CoinMarketCap.

bitcoin Price Set for Continued Rally

bitcoin price, according to the btc/USD chart analysis on the 4-hour chart, shows a clear “cup and handle” formation (highlighted in yellow). This is a bullish continuation pattern, which generally suggests a possible bullish breakout if confirmed.

According eth/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed”>Terminal Gecko According to the data, a sustained break above the resistance level around $76,500 could lead to a significant price rally.

btc price is now trading above the 50- and 200-day SMA, further supporting the generally bullish price outlook.

The Relative Strength Index (RSI) is currently at 65.26. Although it is in the higher range, it is not yet in overbought territory (which typically starts above 70). This suggests that there is still room for an upward move before the price faces possible exhaustion. However, an RSI approaching 70 indicates caution as momentum could begin to slow once it crosses overbought levels.

If the price continues to hold above the recent breakout level ($76,500), the bullish momentum may extend, potentially pointing towards higher resistance levels. In this scenario, bitcoin price could skyrocket further as bulls target $83,000.

However, if the price retests the 50-day SMA or falls below it, it could indicate a consolidation phase or a reversal of this trend. In such a scenario, bitcoin price could fall to the next possible support level at the 200-day SMA ($67,403).

As the price of bitcoin soars after Trump's landslide election victory, many investors are turning to a new PolitiFi project called FreeDum Fighters ($DUM)and its pre-sale exceeded $454,000 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 featuring a showdown between electoral candidates MAGATRON, a passionate nationalist, and pioneering feminist KAMACOP 9000.

Investors who purchase DUM tokens are asked to vote (bet) for their preferred candidate. So far, 70% have chosen MAGATRON and are currently offered an annual return of 296%.

The rest voted (bet) for Kamacop, which offers a dazzling 896% 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 to 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

Available on multiple blockchain platforms including ethereum (eth), Binance Smart Chain (BSC), Base, and Solana (SOL), FreeDum Fighters also uses its native token $DUM to allow holders to participate in discussions and earn rewards for performance. your candidate. .

Visit the official FreeDum Fighters website to purchase $DUM tokens here using eth, BNB, USDT, USDC or SOL, and each token is worth $0.00007.

Buy before the price goes up in just over 1 hour to get the best deal.

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