2024

Donald Trump

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trump-backs-bitcoin-at-event" data-wpel-link="internal">Trump Backs Bitcoin at Event</a><br></p>
<p style="text-align: justify">Former U.S. President and 2024 candidate Donald Trump recently voiced strong support for <a href="https://en.bitcoinhaber.net/exploring-bitcoins-trading-landscape-and-its-impact-on-market-dynamics" data-wpel-link="internal">Bitcoin</a> at a major cryptocurrency event. During his remarks, the price of Bitcoin had fallen but soon surged past the $70,000 mark, although it later experienced a pullback. Analysts believe that if Bitcoin exceeds $70,000, it may continue its upward trajectory.</p> 
<h2 id="what-do-analysts-say">What Do Analysts Say?</h2> 
<p style="text-align: justify">Experts at the cryptocurrency analysis platform Bitcoinsensus shared a Wyckoff reaccumulation chart model on July 29, indicating a positive outlook for Bitcoin. According to their analysis, Bitcoin may hit its all-time high (ATH) within the next few weeks. However, they cautioned that a pullback might occur before reaching these levels.</p> 
<p style="text-align: justify">Renowned analyst Ali Martinez also noted Bitcoin’s upward trend. Using the TD Sequential indicator, Martinez stated that the Bitcoin hourly chart signaled a short-term correction before the continuation of the upward movement.</p> 
<h2 id="why-does-trump-support-bitcoin">Why Does Trump Support Bitcoin?</h2> 
<p style="text-align: justify">Prominent cryptocurrency figure Michaël van de Poppe highlighted Trump’s speech as a positive influence on Bitcoin. Trump mentioned that the U.S. should lead in the cryptocurrency sector and, if elected, he would purchase rather than sell Bitcoin. His pro-Bitcoin statements have made a significant impact on <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">market</a> sentiment.</p> 
<h2 id="concrete-insights">Concrete Insights</h2> 
<p style="text-align: justify"><b>Key Takeaways:</b></p> 
<ul> 
 <li>Bitcoin price recently surpassed $70,000, signaling potential for further gains.</li> 
 <li>Analysts predict a new all-time high could be reached within weeks.</li> 
 <li>A short-term pullback may occur before continued growth.</li> 
 <li>Trump’s pro-Bitcoin stance could positively influence market confidence.</li> 
</ul> 
<h2 id="current-bitcoin-status">Current Bitcoin Status</h2> 
<p style="text-align: justify">In the latest market developments, the Bitcoin price climbed above $70,000 but faced a sharp decline shortly after. Factors influencing this pullback include statements from England regarding economic instability and the U.S. moving a significant amount of Bitcoin linked to Silk Road, worth over $2 billion. This move triggered concerns about a potential sell-off, negatively impacting the price. At the time of writing, Bitcoin is trading at $67,199.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/trump-backs-bitcoin-at-event" data-wpel-link="internal">Trump Backs Bitcoin at Event</a></h5>

Trump Backs Bitcoin at Event

Table of Contents

BH NEWS

Άλλα άρθρα που δημοσιεύτηκαν στις 29 Ιουλ 2024

Bitcoin Nears New Record High

Donald Trump may not be the champion that crypto advocates hope

Internet Computer Price Prediction: ICP Soars 18% In A Month, But Analysts Say Consider This New ...

Analyst Forecasts New ATH for Altcoins with Bull Flag Breakout

ORCA Price Rose Over 100% This Week: Is It The Time To Load Up

Elon Musk Says He Does Not Intend To Promote Any Crypto!

Join our free newsletter for daily crypto updates!