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bitcoin price posted a minor gain over the past 24 hours to trade at $98,303.34 at 4:47 a.m. EST, as investors slowly begin to accumulate the largest cryptocurrency by market capitalization.
Despite the rally, btc price is still down more than 1% from its all-time high. The market leader hit a new high of $99,655.50 after failing to break the psychological mark of $100,000.
bitcoin price recovers from support
4-hour chart for btc/USDT (Source: <a target="_blank" href="https://www.tradingview.com/x/1ggaotNJ/”>TradingView)
The price of bitcoin <a target="_blank" href="https://coinmarketcap.com/currencies/bitcoin/”>bounced out of the support level at $95,619.60 and is now trying to break the barrier at $99,616.08. If it surpasses this important threshold in the next 12 hours, it could have the necessary technical basis to continue rising in the short term.
However, the bitcoin The fact that the price is rejected by the resistance of $99,616.08 in the next 12 hours could prevent any bullish movement from occurring. In this alternative scenario, btc could end up retesting the $95,619.60 support. Falling below this safety net could cause the price of bitcoin to fall as low as $91,697.33.
bitcoin Price About to Trigger 2 Major Bullish Technical Flags
From a technical perspective, the indicators on the btc 4-hour chart suggest that the cryptocurrency's price could continue to rise in the next 24 hours. Major bullish technical signals are about to be triggered by both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators.
In the last few hours, the RSI line has risen towards the simple moving average (SMA) line. Now, the first tries to surpass the second. If the RSI breaks above the SMA line, it could be seen as a sign that buyers have gained the upper hand over sellers on the btc 4-hour chart.
As the RSI attempts to cross above its SMA line, the MACD line simultaneously approaches the MACD signal line. The narrowing gap between the MACD and MACD signal lines, with the MACD below the signal line, suggests that btc's negative phase could be coming to an end. A crossing between these two lines could indicate that the bitcoin The price has entered a new bullish cycle.
As btc attempts to surpass $100,000, investors are flocking to a new PolitiFi token by the name of FreeDum Fighters (DUM) for the definitive political chain clash and post-electoral achievements.
A chain political clash
Now that the long-awaited US elections are over and the market is turning its attention away from the PolitiFi sector, FreeDum Fighters (DUM) has the opportunity to become the go-to meme platform for US politics.
Initially, the project provided investors with a satirical way to stay up to date with the latest developments in American politics ahead of the election. With Donald Trump assuming the White House for a second term, FreeDum Fighters now intends to stay for the long haul, cementing its position in the nascent PolitiFi space.
At the heart of the meme coin ecosystem is the clash between Magatron, representing Trump, and Kamacop, representing Kamala Harris. Although Trump emerged victorious, the chain clash between the Republican and Democratic parties is still very much alive in the FreeDum Fighters ecosystem.
Die-hard politicians and cryptocurrency investors can choose which candidate they want to back by locking tokens into one of the candidate's staking pools, earning high passive rewards in the process.
Currently, anyone who backs Magatron will unlock access to a 245.44% staking APY. Meanwhile, Kamacop supporters can earn up to 388.97% in annual rewards.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”4.56″>
Priorities pic.twitter.com/raftApqA7r
– FreeDum Fighters (@Freedum_Fighter) <a target="_blank" href="https://twitter.com/Freedum_Fighter/status/1858826343594500222?ref_src=twsrc%5Etfw”>November 19, 2024
As Trump enters his second term, new characters will make their way into the FreeDum Fighters ecosystem. Doge, the personification of the new Department of Government Efficiency, has already been deployed on the Magatron team. Next to him is Dark MAGA.
Investors rush to buy DUM as time runs out
FreeDum Fighters recently added a countdown timer to their pre-sale, which has already raised over $628,000. Investors now have less than 13 days to purchase the meme coin before its launch.
Several crypto experts have come forward to share their bullish predictions for DUM. Among them is popular YouTuber Jacob Bury, who told his more than 44.5 thousand subscribers that the meme coin could grow 10-fold after its launch.
Anyone who wants to position themselves before the project launch can purchase the meme coin through the purchase widget integrated on the project website.
DUM sells for $0.000095 and can be purchased with eth, BNB, BASE, USDT, SOL or USDC.
Buy DUM here.
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