{"id":595175,"date":"2024-11-06T08:54:27","date_gmt":"2024-11-06T08:54:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595175"},"modified":"2024-11-06T08:54:27","modified_gmt":"2024-11-06T08:54:27","slug":"bitcoin-price-prediction-btc-sets-a-new-all-time-high-as-donald-trump-takes-early-us-election-lead-but-investors-flock-to-this-politif-token-for-its-737-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-sets-a-new-all-time-high-as-donald-trump-takes-early-us-election-lead-but-investors-flock-to-this-politif-token-for-its-737-staking-apy","title":{"rendered":"Bitcoin Price Prediction: BTC Sets New All-Time High As Donald Trump Closes On Victory In US Election, While Investors Flock To This PolitiFi Token With 737% Staking APY"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Bitcoin price surged 9% in the last 24 hours <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">to trade at $74,861<\/span><\/a><span style=\"font-weight: 400;\"> as of 00:32 a.m. EST on trading volume that skyrocketed 102% to $91 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after the BTC price hit a new all-time high (ATH) of $75,361 as early US election results indicated Donald Trump is set to win the race for the White House.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This topped the previous Bitcoin high set in March that followed the market euphoria after the launch of spot Bitcoin ETFs (exchange-traded funds) in the US.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> has just set a new all-time high, surpassing its previous record of $73.77K! <a href=\"https:\/\/t.co\/MzmReCsIbI\">pic.twitter.com\/MzmReCsIbI<\/a><\/p>\n<p>&mdash; Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1853997489516663108?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Trump&rsquo;s odds of winning the election surged by 37% to a record 96.9% on Polymarket, while Harris&rsquo;s plunged to just 3.4%<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-595176\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Screenshot_51-1.png\" alt=\"donald trump vs kamala harris\" width=\"988\" height=\"383\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Screenshot_51-1.png 988w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Screenshot_51-1-300x116.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Screenshot_51-1-768x298.png 768w\" sizes=\"(max-width: 988px) 100vw, 988px\"><\/p>\n<h2>Bitcoin Price To Continue Soaring<\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price is moving within an ascending channel, as highlighted by the two parallel trend lines. This channel suggests a bullish trend, with higher highs and higher lows forming since late September, as the bulls took advantage of the price around the $54,000 support, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC price is currently near the upper resistance line of the channel, which could either lead to a breakout above this level or a pullback toward the support line of the channel. However, major indicators show that the price of Bitcoin could continue soaring.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bitcoin price now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is in line with the recent uptrend. The 50-day SMA now acts as a formidable support level of around $68,157 and a possible level of retreat.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Relative Strength Index (RSI) is currently at 71.44, which is in the overbought territory (above 70). This level indicates strong buying pressure but also signals a possible short-term reversal or consolidation as the asset may be overextended.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), which is a bullish crossover indicating upward momentum. Additionally, both lines are in positive territory, which supports the bullish case.<\/span><\/p>\n<figure id=\"attachment_595177\" aria-describedby=\"caption-attachment-595177\" style=\"width: 1167px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-595177\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45.png\" alt=\"Bitcoin Price Chart Analysis Source: GeckoTerminal\" width=\"1167\" height=\"555\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45.png 1167w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45-300x143.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45-1024x487.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45-768x365.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45-130x63.png 130w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45-104x50.png 104w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V3-_GeckoTerminal.com_WBTC_2024-11-06_07-32-45-83x40.png 83w\" sizes=\"(max-width: 1167px) 100vw, 1167px\"><figcaption id=\"caption-attachment-595177\" class=\"wp-caption-text\">BTCUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2><b>Bitcoin Price Prediction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to the BTC\/USD chart analysis, the Bitcoin price is currently on a sustained bullish rally, and supported by major indicators therein. If the current stance continues, the price of Bitcoin could soar, with the $80,000 level posing as the next possible resistance and target.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the RSI shows that Bitcoin is currently overvalued, which may be a selling signal for the bears. In such a scenario, BTC could plunge, with $68,157, within the lower boundary of the rising channel acting as the next possible support level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the Bitcoin price soars, investors seeking opportunities in the PolitiFi segment of the crypto market are piling into the new presale<\/span>&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/freedumfighters\" rel=\"nofollow\"><span style=\"font-weight: 400;\">FreeDum Fighters ($DUM)<\/span><\/a><span style=\"font-weight: 400;\">, which YouTuber Jacob Bury, with over 43k subscribers, says is one of the best meme coins to buy now in preparation for the meme coin supercycle.<\/span><\/p>\n<p><iframe title=\"BEST 5 MEME COINS To Buy Now for The MEME COIN SUPER CYCLE!!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/hk2keEn7ANQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>FreeDum Fighters Presale &ndash; Best Crypto To Buy Now?<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/freedumfighters\" rel=\"nofollow\"><span style=\"font-weight: 400;\">FreeDum Fighters<\/span><\/a><span style=\"font-weight: 400;\"> has surged past $439k in funds raised as the new meme coin unveils the blockchain version of the presidential election.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project features a digital battle arena where candidates <\/span><span style=\"font-weight: 400;\">MAGATRON and Kamacop 9000 face off.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors are asked to vote\/stake their DUM tokens for either MAGATRON or Kamacop 9000 when they join the project. MAGATRON currently boasts a 276% annual return for its supporters (stakers), while Kamacop offers a stunning 736% annual return.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ready for this year's elections?<\/p>\n<p>Get involved early by joining the <a href=\"https:\/\/twitter.com\/Freedum_Fighter?ref_src=twsrc%5Etfw\">@Freedum_Fighter<\/a> elections between MAGATRON and Kamacop &#129413;<\/p>\n<p>Cast your vote by participating in the <a href=\"https:\/\/twitter.com\/search?q=%24DUM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DUM<\/a> presale and using their stake-to-vote system &#128499;&#65039;<\/p>\n<p>Be sure to follow this project, you will not regret it.&#128293;&#128293; <a href=\"https:\/\/t.co\/j452Rht1Lq\">pic.twitter.com\/j452Rht1Lq<\/a><\/p>\n<p>&mdash; Red (@Redlion35) <a href=\"https:\/\/twitter.com\/Redlion35\/status\/1847010460752925065?ref_src=twsrc%5Etfw\">October 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Community involvement is also encouraged, with debates and social media activity rewarded by additional $DUM tokens.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/freedumfighters\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Visit the official FreeDum Fighters website to buy $DUM tokens here<\/span><\/a><span style=\"font-weight: 400;\"> using ETH, BNB, USDT, USDC, or SOL, with each token worth a $0.00007.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy before a price hike in about 3 days to get the best deal.&nbsp;<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/debit-card\/\"><span style=\"font-weight: 400;\">How to Buy Bitcoin with Debit Card<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-meme-coins-to-buy-november-5-tg-casino-corgiai-beam-flockerz\"><span style=\"font-weight: 400;\">Best Meme Coins To Buy November 5 &ndash; TG.Casino, CorgiAI, Beam, Flockerz<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-right-now-november-5-bonk-multiversx-ondo\"><span style=\"font-weight: 400;\">Best Crypto to Buy Right Now November 5 &ndash; Bonk, MultiversX, Ondo<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">&nbsp;                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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