#bitcoin
đ Crypto Market Update: Is $BTC Heading Back to ATH?
Popular crypto analyst DonAltâknown for his accurate market callsâbelieves Bitcoin is setting up for a massive rally toward its all-time high following the US midterm elections! đ
đ Here are the key takeaways from his latest analysis:
âĄïž Strong Monthly Bounce: After dipping to $75,000 on November 4, BTC's monthly chart quickly turned green, respecting the critical $70,000 support level and hinting at a potential higher low.
âĄïž Busting the Narrative: Contrary to popular belief that a Democratic sweep would be bearish for crypto, DonAlt argues that stricter oversight could actually clean up the space, noting that the market immediately printed a daily green candle.
âĄïž Bullish Historical Parallels: Comparing current market resilience to the post-FTX collapse setupâwhich preceded the massive run from $16,000 to $100,000âDonAlt remains giga bullish following the market's quick recovery from the recent Binance hack.
âïž Election Snapshot
The Associated Press reports that Democrats have secured majorities in both chambers of Congress:
Senate: 54 Democrats vs. 44 Republicans
House: 237 Democrats vs. 147 Republicans
đ Crypto Market Update: Is $BTC Heading Back to ATH?
Popular crypto analyst DonAltâknown for his accurate market callsâbelieves Bitcoin is setting up for a massive rally toward its all-time high following the US midterm elections! đ
đ Here are the key takeaways from his latest analysis:
âĄïž Strong Monthly Bounce: After dipping to $75,000 on November 4, BTC's monthly chart quickly turned green, respecting the critical $70,000 support level and hinting at a potential higher low.
âĄïž Busting the Narrative: Contrary to popular belief that a Democratic sweep would be bearish for crypto, DonAlt argues that stricter oversight could actually clean up the space, noting that the market immediately printed a daily green candle.
âĄïž Bullish Historical Parallels: Comparing current market resilience to the post-FTX collapse setupâwhich preceded the massive run from $16,000 to $100,000âDonAlt remains giga bullish following the market's quick recovery from the recent Binance hack.
âïž Election Snapshot
The Associated Press reports that Democrats have secured majorities in both chambers of Congress:
Senate: 54 Democrats vs. 44 Republicans
House: 237 Democrats vs. 147 Republicans
