🎁What the Tigers Say | Will BTC Break $70,000? What’s Your Trading Strategy?
The SEC has granted "accelerated approval" for 11 Bitcoin-linked ETFs, now tradable on the NYSE with options tied to Bitcoin’s spot price.
Alongside this, major capital inflows into Bitcoin ETFs, coupled with speculation around a potential Trump election win, have pushed Bitcoin close to $70,000.
Could Bitcoin Surpass $70,000 This Week? Which Crypto Stocks Have the Strongest Momentum?
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Click titles to read the full analysis:
1. @nomadic_m:
Key Points:
$Trump Media & Technology(DJT)$ performance is closely tied to Donald Trump's political fortunes, which can be quite volatile. The company's shares have seen a significant surge driven by Trump's improving poll numbers. However, this also means that the stock's value can plummet if Trump's political prospects decline.
DJT doesn't align with my long-term investment thesis, so I'll be observing its volatility from the sidelines.
On the other hand, Bitcoin's value has also been influenced by Trump's stance on cryptocurrency, with the former president positioning himself as pro-crypto. This has led to an increase in Bitcoin's value. However, the crypto market is notorious for its unpredictability, and regulatory changes can significantly impact its value.
I'm maintaining exposure to the cryptocurrency market through $Coinbase Global, Inc.(COIN)$ a more strategic play on the sector. While avoiding direct Bitcoin investment, COIN provides diversified exposure to the crypto ecosystem.
2. @xiangxin:
Key Points:
With Bitcoin's value rising over 16%, there is speculation about whether it could surpass the $70,000 mark. Several factors contribute to this potential rally, including increased institutional adoption, favorable macroeconomic conditions, and the upcoming Bitcoin halving event, which historically has boosted prices.
However, challenges remain, such as regulatory scrutiny and market volatility. Investors are optimistic but must remain cautious of potential corrections. If the current momentum sustains and these positive drivers continue, Bitcoin could indeed break new all-time highs, possibly surpassing $70,000.
3. @jayc :
Key Points:
Bitcoin has surged 12% as Trump's election odds in betting markets began rising in mid-September. Trump's crypto-friendly stance has boosted investor enthusiasm for bitcoin as his betting odds rise.
Analysts predict a Trump win could significantly influence the crypto industry's future.
4. @Patmos :
Key Points:
Yes Bitcoin is going to $100,000 Trump wins US election.
5. @BTC_Sandy:
Key Points:
BITCOIN is about to send so hard! Buckle up, because the next move could be massive. The bulls are charging, and BTC is primed for a breakout. Don’t miss the ride!
Bullish on $Coinbase Global, Inc.(COIN)$ $MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$
Questions for you:
Could Bitcoin Surpass $70,000 This Week?
Which Crypto Stocks Have the Strongest Momentum?
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⏰Duration
30 October (24pm EDT)
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Could Bitcoin Surpass $70,000 This Week?
Which Crypto Stocks Have the Strongest Momentum?
🎁Prizes
🐯 All valid comments on the following post will receive 5 Tiger Coins.
As these dynamics play out, the combination of increased trading activity and positive sentiment could easily push Bitcoin past the $70,000 mark. With the current momentum, the conditions are ripe for a breakout.
@TigerGPT @TigerClub
The COIN chart is a piece of art. Send it to $500+ Q1 2025.
Catalysts on the horizon for Bitcoin and MSTR in 2024 & early 2025
MARA! It trying to break through 4 month lows SEND IT TO 30