Bitcoin
Trump's Momentum Is Too Big To Rig, The Bitcoin Candidate Will Win
Published
3 hours agoon
By
adminI joined over millions of live viewers online in watching the Donald Trump rally at Madison Square Garden last night, and as someone who attended the Republican National Convention over the summer, I was blown away by how massive this event was. There were over 20k people inside the venue and tens of thousands more outside it. A week before the election, it feels like the entire country is behind him.
For the last couple of months, I had been pretty pessimistic about Trump winning the election due to my concerns about the Democrats’ plans to cheat the election. But as an American who is trying to keep his expectations leveled, it really does feel like there has been a huge shift to the Republicans advantage in this election. It feels like at least 80% of the country is now behind Trump, and I’m seeing a never ending stream of liberals and Democrats jumping ship from the Kamala Harris bandwagon.
I’m keeping a very close eye on early voter registration data coming in and most of what I’m seeing are people voting for the Republicans. Even in swing states like Pennsylvania, voters are turning out hard for Trump.
The sentiment is becoming more and more pro-Trump, and you can tell by the numbers too. Harris’ big interview on the Call Her Daddy podcast came out three weeks ago, and has only managed to get over 700k views on YouTube. In contrast, Trump’s interview on Joe Rogan was released only 3 days ago and has almost 34 million views. Trump’s overall viewership online, the bigger and more authentic rallies, and optimistic support from everyday people is indicative of having far more support than his opponent. Even potentially in some blue states like New York, where the rally was last night. I don’t think Kamala could get that much support and attendees in a deep blue state if she tried.
We’re only a week out from the election now, and if things keep going the way they’re going, pro-Bitcoin Donald Trump is going to win the election. If his promises are kept, then Ross Ulbricht will be a free man. Bitcoin will have a very regulatory friendly environment to have growth and innovation thrive in. The United States will establish a strategic Bitcoin Reserve. Gary Gensler will be fired. And the price of BTC will probably skyrocket into the six figures.
But none of this will become reality unless people turn out en masse to vote for Trump. Like Elon Musk said last night, we need to make the margins of victory so big that the election cannot be stolen by the Democrat’s cheating. Bitcoiners need to get out and vote, especially if you live in a swing or blue state!
It’s going to be a wild Tuesday next week, so Bitcoin Magazine is teaming up with Stand With Crypto to provide real time election coverage on November 5th. If you’re a Bitcoiner who wants to witness this election from the viewpoint of other Bitcoiners, make sure to tune into the stream. More details on the livestream and where to watch here.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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Analyst
‘Bird Beak Sign’ Appears On Bitcoin Price Heikin Ashi Chart, Analyst Explain What This Means
Published
9 hours agoon
October 28, 2024By
adminThe Bitcoin price may be on the verge of hitting new all-time highs as a crypto analyst has unveiled the emergence of a new technical indicator called the “Bird Beak Sign.” Spotted on the Bitcoin Heikin Ashi chart, the analyst suggests that this technical pattern indicates a potential price rally is imminent.
‘Bird Beak’ Pattern Signals Path To $100,000
Optimism in the crypto community is soaring as a popular crypto analyst, ‘Trader Tardigrade’ has shared a bullish prediction for Bitcoin’s price outlook. In an X (formerly Twitter) post, the analyst uncovered a distinct technical pattern known as the “Bird Beak sign” in the Bitcoin Heikin AshiBitcoin Heikin Ashi chart, which is a type of candlestick chart used to spot market trend direction and predict future prices.
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The Bird Beak Sign is a distinct chart pattern that resembles a beak and is created when the Heikin Ashi candlesticks cluster together in a tight consolidated range. Typically when a cryptocurrency consolidates, it means that its price is stabilizing before a potential rally upwards. In the case of Bitcoin, the recent Bird Beak pattern suggests consolidation is preceding an upward momentum.
The analyst notes that in the past when Bitcoin showed the Bird Beak sign on the daily Heikin Ashi chart, it was followed by a strong uptrend. This upward movement was represented by multiple green candles, which showed upward movement.
Sharing a price chart, Trader Tardigrade disclosed that on 2nd January 2023, a Bird Beak sign had appeared in the Bitcoin chart, triggering a price surge to $23,250 at the time. This same chart pattern was also observed on the 7th and 25th of February, 2024, with Bitcoin skyrocketing to $52,000 and reaching between $71,000 to $72,000, respectively.
Trader Tardigrade has revealed that the present Bird Beak sign seen in Bitcoin’s Heikin Ashi chart formed on 27 October 2024. Based on these past signs, analysts have predicted that the new Bird Beak pattern could lead to another sharp increase for Bitcoin, potentially pushing its price to $114,000 this month.
Analyst Expects Bitcoin Price To Hit $71,000 First
In a more recent X post, Trader Tardigrade revealed that Bitcoin was breaking out of a Symmetrical Triangle at the tip of its 8-hour Heikin Ashi chart. Based on this new symmetrical triangle pattern, the analyst forecasts that a successful breakout could lead to a rally towards the $71,000 price target for Bitcoin.
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This bullish sentiment is shared by another popular analyst known as the ‘Titan of Crypto,’ who also projects Bitcoin’s next target at $71,000. This analyst has predicted that Bitcoin will reach this new target before the month closes, highlighting that the cryptocurrency’s monthly candle is looking significantly strong.
It’s important to note that as of writing, the price of Bitcoin is trading at $67,856, marking a 1.3% increase in the past 24 hours, according to CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
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Altcoins
Willy Woo Says Altseasons Will Get Weaker and Weaker Each Market Cycle – Here’s Why
Published
13 hours agoon
October 28, 2024By
adminVeteran on-chain analyst Willy Woo says that altcoins will get continuously less explosive over time as the crypto market matures.
Woo tells his 1.1 million followers on the social media platform X that the current market cycle has been “markedly different” from the others given that it is the third time that altcoins are reaching for mindshare since 2017.
Rather than being focused on decentralized finance (DeFi) or some kind of technological innovation, Woo says that the current altcoin hype is mostly focused on memes, which he believes is a poor take on the crypto space.
Says the analyst,
“I’m not saying there won’t be alt seasons. Certainly there will be echo fractals of mid-caps and low-caps pumping after BTC pumps as investors chase returns higher up on the risk curve. This is a normal part of markets and we see this in equities. Just alt seasons will be weaker each cycle on from the great 2017 alt bubble.
Also, remember alt market cap is like the cricket bat that has had 10 new handles and 10 new blades, it’s the sum of all the new winners… losers don’t count to the market cap.
Trade it sure, if you want to play… don’t ever HODL (hold on for dear life) them unless you’re so knowledgeable that you’re an effective insider because alts are an insider’s game just like the casino where the house will eventually win. But you already know that.”
At time of writing, Bitcoin (BTC) dominance (BTC.D), which compares the market cap of Bitcoin to all other crypto assets, is valued at 59.38%, a three-and-a-half-year high.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
Bitcoin Price (BTC) Down 2% on Tether Criminal Probe Report
Published
21 hours agoon
October 28, 2024By
adminEarlier in the session, crypto prices had been on the rise, with bitcoin (BTC) nearing the $69,000 level and perhaps readying for a late-day or weekend challenge of topping $70,000 for the first time in three months. In the minutes following the news on Tether, bitcoin had tumbled to as low $66,500, down nearly 2% over the past 24 hours, before modestly bouncing back to $66,800. The broader market gauge CoinDesk 20 Index was lower by 2.3% over the same time frame.
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