Bitcoin Price Prediction: BTC Sets New All-Time High As Donald Trump Closes On Victory In US Election, While Investors Flock To This PolitiFi Token With 737% Staking APY
The Bitcoin price surged 9% in the last 24 hours to trade at $74,861 as of 00:32 a.m. EST on trading volume that skyrocketed 102% to $91 billion. This comes after the BTC price hit a new all-time high (ATH) of $75,361 as early US election results indicated Donald Trump is set to win the race for the White House. This topped the previous Bitcoin high set in March that followed the market euphoria after the launch of spot Bitcoin ETFs (exchange-traded funds) in the US. #Bitcoin has just set a new all-time high, surpassing its previous record of $73.77K! pic.twitter.com/MzmReCsIbI — Binance (@binance) November 6, 2024 Trump’s odds of winning the election surged by 37% to a record 96.9% on Polymarket, while Harris’s plunged to just 3.4% . Bitcoin Price To Continue Soaring The Bitcoin price is moving within an ascending channel, as highlighted by the two parallel trend lines. This channel suggests a bullish trend, with higher highs and higher lows forming sin...