Bitcoin Price Prediction: BTC Soars 17% In A Week To Pass $81K Amid Trump Win Bull Run As Traders Turn To This PolitiFi ICO For 10X Gains
The Bitcoin price surged 17% in the last week and 2% in the last 24 hours to trade at $80,654 as of 02:20 a.m. EST on trading volume that skyrocketed 99% to $86 billion. The Donald Trump election victory continued to pump markets over the past 24 hours, with Bitcoin clocking another all-time high at $81,800, according to CoinGecko. Bitcoin Price Moving Towards A Sustained Bullish Trend The BTC/USD chart shows an upward trend over recent months, especially since September. The Bitcoin price appears to be in a rising channel (indicated by the two white trendlines), suggesting a bullish trend. The price is currently near the upper boundary of this channel, surpassing the $79,000 level, which often acts as resistance, according to data from GeckoTerminal . BTC price is now moving above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend. The 50-day SMA has crossed above the 200-day SMA, forming a golden cross around the $65,000, which is a sign of