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The Bitcoin price has soared 4.5% in the last 24 hours to trade at $97,535 as of 3:30 a.m. EST on an 18% pump in trading volume to $105 billion.
This surge in price comes as President-elect Donald Trump considers Teresa Goody Guillén, a blockchain expert and seasoned securities lawyer, for the role of SEC Chair.
BREAKING: 🇺🇸
Trump considering Crypto lawyer Teresa Goody Guillén to replace Gary Gensler as SEC Chair – Coin Desk pic.twitter.com/UBturdoo4M
— Radar🚨 (@RadarHits) November 19, 2024
Goody Guillén enters a competitive shortlist to replace current SEC Chair Gary Gensler, who recently began referring to his job in the past tense and is expected to step down before Trump’s inauguration on Jan. 20, 2025.
Her potential appointment signals a shift toward pro-crypto policies and lighter regulations in the US, sparking optimism in the crypto market.
Bitcoin Price Rallies Along A Parabolic Curve
Bitcoin’s journey to $97,576 has been nothing short of extraordinary as it marches steadily toward the much-anticipated $100,000 milestone. Over the past weeks, the price has followed a stunning parabolic curve, signaling intense buying pressure and enthusiasm from traders and investors alike.
Around $50,000–$55,000, Bitcoin has established a major support zone, a level that has been tested and respected multiple times in the past. This zone represents the safety net for any potential corrections. The golden cross, a key bullish signal, occurred as the 50-day moving average at $72,758 rose above the 200-day moving average at $65,345. This alignment of moving averages signals that the long-term trend remains firmly upward.
BTCUSD Analysis Source: Tradingview
Bitcoin Price Technicals Signal A Short Term Pull Back
However, the twist is the Relative Strength Index (RSI), now at 81.75. This indicates that the 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 revisit levels like $72,000 or even $65,000, where the moving averages would offer support. In a more dramatic scenario, the price might test the strong $50,000–$55,000 support zone before regaining momentum.
The spotlight is on $100,000, a critical level that could define Bitcoin’s next chapter. A breakout beyond this point might propel the price toward $105,000–$110,000, driven by FOMO (fear of missing out) and renewed interest.
On the other hand, a failure to hold the parabolic trajectory might open the door for corrections, offering an opportunity for patient buyers to re-enter the market.
FreeDum Fighters Presale Blasts Past $603K- Next Crypto To Explode?
As Bitcoin price approaches the $100K zone, investors are buying into a new PolitiFi meme coin called FreeDum Fighters (DUM), with its presale blasting past $603K in funds raised.
According to analyst and YouTuber Jacob Bury, with over 43K subscribers, DUM can potentially surge 10X when it launches.
FreeDum Fighters is a political-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 trailblazing feminist symbolizing Kamala Harris.
Enjoy High Staking Rewards
Holders of the project’s native token, DUM, can stake their tokens to vote for their favorite candidate. So far, 56% of the token’s investors who have chosen MAGATRON are enjoying an impressive annual staking yield of 249%. Meanwhile, those staking in favor of Kamacop are reaping a jaw-dropping 408% annual return.
The FreeDum Fighters ecosystem is set to expand by introducing additional political figures into its world. In a playful 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 building on its bold political themes.
Ready for this year's elections?
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Cast your vote by participating in the $DUM presale and using their stake-to-vote system 🗳️
Be sure to follow this project, you will not regret it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Red (@_Redweb3) October 17, 2024
Positioned as a pioneer in the emerging PolitiFi space, FreeDum Fighters aims to create a long-lasting platform that blends 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.
Currently, DUM tokens are priced at $0.000085 and can be purchased using ETH, BNB, USDT, USDC, or SOL. However, with a planned price hike in the next 5 hours, now is the perfect time to join the movement and secure tokens at the current rate.
Purchase DUM from its official website here.
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