#bitcoin
🚀 Crypto Market Update: Is $BTC Heading Back to ATH?
Popular crypto analyst DonAlt—known for his accurate market calls—believes Bitcoin is setting up for a massive rally toward its all-time high following the US midterm elections! 📈
📊 Here are the key takeaways from his latest analysis:
➡️ 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.
➡️ 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.
➡️ Bullish Historical Parallels: Comparing current market resilience to the post-FTX collapse setup—which preceded the massive run from $16,000 to $100,000—DonAlt remains giga bullish following the market's quick recovery from the recent Binance hack.
⚖️ 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
🚀 Crypto Market Update: Is $BTC Heading Back to ATH?
Popular crypto analyst DonAlt—known for his accurate market calls—believes Bitcoin is setting up for a massive rally toward its all-time high following the US midterm elections! 📈
📊 Here are the key takeaways from his latest analysis:
➡️ 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.
➡️ 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.
➡️ Bullish Historical Parallels: Comparing current market resilience to the post-FTX collapse setup—which preceded the massive run from $16,000 to $100,000—DonAlt remains giga bullish following the market's quick recovery from the recent Binance hack.
⚖️ 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
