BEAMSTART Logo

Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle?

NewsBTC LogoNewsBTC1w ago

Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle? - NewsBTC

Quick Summary:

After that election, the Bitcoin price went on to create seven consecutive bullish candlesticks following Trump’s win, setting off a remarkable rally that continued into 2017 and laid the foundation for Bitcoin’s ascent to its then-record highs.  Now, with Bitcoin currently trading around $76,000 in the wake of Trump’s latest victory, Severino speculates whether the cryptocurrency could replicate this historical pattern.

In another technical analysis, Tony highlighted the Bitcoin price action from October 2023 using Elliott Waves.  According to this outlook, Bitcoin is about to start a fifth impulse wave, which is known to be the third and last bullish wave.

Crypto analyst Tony “The Bull” Severino, CMT, recently took to social media platform X to highlight an intriguing historical pattern between Donald Trump’s presidential victories and Bitcoin’s price movements.


More Pictures

Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle? - NewsBTC (Picture 1)

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 23:00:33 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23484694

View Article Analysis

About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle?" has 462 words across 65 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle?" was covered 1 weeks ago by NewsBTC, a news publisher based in United Kingdom.

How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 6 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23484694
  • URL: https://beamstart.com/news/can-the-donald-trump-win-17311949422398

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.