Bitcoin Breaks All-Time High Amid Election-Driven Rally
2024-11-06

Current Status:

Bitcoin (BTC) has surged past its previous all-time high of $73,750, reaching $75,000 in response to the recent U.S. Presidential election results favoring Trump.
Bullish Momentum:

Next Target: If bullish momentum continues, BTC could eye $80,000 as the next resistance level, potentially setting the stage for a broader market uptrend.
Potential Pullback:

Support Zone: If BTC encounters resistance and retraces, a drop to the $66,000 support level—near the 50-day moving average—would still keep the bullish structure intact.
Outlook:

With BTC at fresh highs, bullish sentiment remains strong, but traders should watch for any signs of a pullback near resistance levels. Staying above $66,000 will be key to maintaining upward momentum.

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