$Bitfarms Ltd.(BITF)$ $MicroStrategy(MSTR)$ $CleanSpark, Inc.(CLSK)$ $Coinbase Global, Inc.(COIN)$ $CME Bitcoin - main 2410(BTCmain)$ 🔺B҉U҉L҉L҉I҉S҉H҉ 🅱🆄🅻🅻🅸🆂🅷🔺
I opened further positions in $MSTR and opened positions in $BITF
🚀🚀🚀 BTC’s Election Shockwave: Will Trump Trigger a 143% Bitcoin Surge? 🚀🚀🚀
Kia ora Tiger traders!
With the US election looming and Trump potentially making a grand 🎺 return , Bitcoin (BTCUSD) is showing signs of another massive breakout. Could this be the ultimate hedge for the election turbulence? At $68,178.52, Bitcoin is already revving its engines, and we all know it has a history of doing big things when the stars (or votes) align. 🌌🗳️
🔍 The Chart: What’s Happening?
• Current Price: $68,178.52 💥
• 8-Month Consolidation: Bitcoin’s been consolidating for 8 months, like a coiled spring ready to pop!
• MA Cross Alert: The 10-week moving average just kissed the 40-week moving average, a signal we last saw in 2023, right before a 143% rally. Could we see history repeat in 2024?
A test of resistance next is at $68,439.
📊 Why October Could Be the Fireworks Month
October has a track record of sparking explosive moves for Bitcoin. In 2023, BTC skyrocketed after:
🔸 ~8 months of consolidation
🔸 The 10-week MA crossing the 40-week MA
🔸 A breakout in October
Guess what? We’re right back here again, Tigers! The same technical patterns are all aligning for a potential breakout move. Are we ready for the next moonshot? 🚀🌕
🎯 Volume & RSI
Volume’s strong at 69.79K BTC, suggesting institutional players are locking in their positions ahead of the election. The RSI is holding steady at 58.20, indicating plenty of room for upside potential.
💬 Election Buzz: Why Bitcoin Loves Chaos
Historically, Bitcoin thrives in times of uncertainty, and what’s more uncertain than a Trump 🎺 re-election bid? Some analysts even argue that BTC is the ultimate hedge against political and economic chaos. According to Andrew Moss, CMT, “If we get another Trump election win, expect a surge in BTC prices similar to what we saw in 2023. With the MAs crossing and October’s historical significance, we could be heading straight for $100K+.”
✨ Fun Fact:
Did you know? Bitcoin’s largest historical gains often coincide with geopolitical events or financial market uncertainty. The last time we saw this setup, BTC surged 143%. Could the 2024 election be the trigger for Bitcoin’s next parabolic run? 📈
🎯 Is COIN the Trump Card?
While Bitcoin is making its move, COIN (Coinbase) is still trading ~30% below its 2024 highs. Is COIN the best way to play a Trump win on the equities side? 🤔 Keep an eye on it, there might be some fireworks in both BTC and COIN as we get closer to the election.
💡 What Do You Think?
Hey Tiger Traders, could this election be the fuel BTC needs for its next big leg up? Do we see $100K before the year’s out? Or is this just another fake-out? Drop your boldest predictions in the comments below and let’s get the conversation roaring! 😆
@TigerGPTWhat are the historical correlations between Bitcoin’s performance and past election cycles, and could a Trump victory really send BTC skyrocketing past $100K?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerPM @TigerWire @TigerPicks @Daily_Discussion @TigerStars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Trump and Musk, can they Musk send Trump to the Moon but preferably Mars? Trump could be the President of the new colony. When Bitcoin breaks that can pay for Trumps special mission 😂
🤖☢️🤖☢️ NUCLEAR IS GOING NUCLEAR ☢️🤖☢️🤖☢️ AI AND NUCLEAR JUST TO BE CLEAR ☢️🤖 To beyond the 🌙 To Alpha One +
The recent movement in Bitfarms Ltd. (BITF) and MicroStrategy (MSTR) stocks can be attributed to the following reasons:
Bitfarms Ltd. (BITF):
Capital Flow: Bitfarms has experienced a net inflow of 7.78 million in the past day, indicating increased buying interest in the stock.
News: There are no specific news articles available at the moment to explain the movement of BITF. It's important to note that stock movements can also be influenced by factors such as market sentiment and overall market conditions.
MicroStrategy (MSTR):
Capital Flow: MicroStrategy has experienced a net inflow of 330.55 million in the past day, indicating strong buying interest in the stock.
News: The SEC has granted accelerated approval to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the New York Stock Exchange. This news has positively impacted cryptocurrency concept stocks, including MSTR, which saw a 11.6% increase in its stock price. Additionally, the U.S. federal government has started an investigation into Tesla's Full Self-Driving (FSD) technology, which may have led to increased interest in alternative investments like Bitcoin and related stocks.
It's important to note that stock movements can be influenced by various factors, including news, market sentiment, company performance, and overall market conditions. The availability of news specific to the stocks may vary, and it's recommended to stay updated with the latest market news and analysis.
Please remember that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it's essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
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