Bitcoin Price Analysis: As Donald Trump Names Pro-Crypto Scott Bessent Treasury Secretary, This Presale Goes Parabolic
The Bitcoin price has edged up 0.2% in the last 24 hours to trade at $98,568 as of 9:30 p.m. EST on a 26% drop in trading volume to $89 billion. This modest increase comes after US President-elect Donald Trump nominated hedge fund manager and cryptocurrency advocate Scott Bessent as Treasury Secretary. 🚨BREAKING: President Trump has announced that the CEO and Founder of Key Square Capital Management, Scott Bessent is the Treasury Secretary. Congratulations!!! pic.twitter.com/aSB8fyNVFd — AJ Huber (@Huberton) November 23, 2024 If approved by the Senate, Bessent, a vocal supporter of the digital currency ecosystem, will have his signature on US dollar bills. Bitcoin Price Nears $100K Milestone – Can The Bulls Sustain The Momentum? The Bitcoin (BTC/USDT) pair shows a strong bullish trend. According to data from GeckoTerminal, an inverted head-and-shoulders pattern formed between July and September, signaling a reversal from bearish to bullish momentum. This pat...