BTC: ATH Imminent? U.S. Election Could Be the Catalyst!
2024-11-04

Hey everyone!

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Welcome to this BTC Update!

BTC has broken out of the parallel channel on the daily time frame and is currently hovering near the retest area. The market has been unusually quiet lately—this feels like the calm before the storm, and I’m anticipating a major pump from here.

It seems the whole market is waiting on the outcome of the U.S. elections. After the election, I expect BTC to break its ATH, aiming for $90k-$100k by year-end.

Invalidation: Daily close below the $64.8k level.

What’s your take on BTC’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!