Is Bitcoin heading to Valhalla

[Fivestar4everMVP]

It's an exciting time for all the holders of bitcoin, and may holders of some certain Altcoins as well.

Bitcoin in the past 2 or 3 days have been on a steady rise with minor pullbacks from time to time, and like it's a joke, the price is already above $72,000 which is less than a thousand dollars away from its previous all time high of around $73,700.

Being a hodler, I am happy to see this sight, I mean, who doesnt love green candle?

But I have a serious question to ask..
- what do you think is driving the price of bitcoin up? Any news or update acting as catalyst?
- Will the price of bitcoin fall back again if for whatever reason, Trump loses the coming US presidential election?

I am just so curious to know your thoughts...

[debra]

But I have a serious question to ask..
- what do you think is driving the price of bitcoin up? Any news or update acting as catalyst?
- Will the price of bitcoin fall back again if for whatever reason, Trump loses the coming US presidential election?

- I don't see big news today. I think the price increases quite high because there is a bigger demand to buy Bitcoin more. We almost start November, people believe in big pump in November-December. This maybe trigger to higher demands on the market.
- I think it is very possible to have big correction if Trump fails. But I think we still can have the peak of bullrun season in the next year. Crypto market doesn't always depend on a single person.

[Zed0X]

I don't know if his friendly stance on crypto would actually make the neutrals vote for him and make them start buying more crypto if he wins but I've also been reading posts about bitcoin just waiting for Trump back to the White House before it finally takes off. Maybe there is truth to that. As for the pullback, expect that the Black Friday Sale next month would contribute to that.

[Z-tight]

It is good to see the price rising, and it does not look like it will be dumping soon, so we might see a new all time high very soon again. There was a lot of optimism at the beginning of this month, a lot of people were expecting a very high pump, it didn't really happen, but we are seeing good signs at the end and it is a good sign for the end of the year too.

[Mia Chloe]

It's an exciting time for all the holders of bitcoin, and may holders of some certain Altcoins as well.
Bitcoin in the past 2 or 3 days have been on a steady rise with minor pullbacks from time to time, and like it's a joke, the price is already above $72,000 which is less than a thousand dollars away from its previous all time high of around $73,700.

For real though, I was  kinda surprised at the most recent move bitcoin made. The bull has been a strong one for quite along time and before now I was actually of the opinion that there would be a major pull back to mitigate possible fair value gaps left behind by the market since this pump. Anyways from what I can see so far, it doesn't really seem like that is happening so soon.

Anyways away from the view of trading and back to my regular HODLer perspective, man every HODLer out there pretty much very happy to see the progress so far. I was happy to when I checked coin market and I saw over 5% in the last 24hrs.

[Azharul]

I think that you could express your best opinion in this post. So i am also agree with this comment. We know that bitcoin is one of the best earning way in cryptocurrency market. If we spend money for investment and hold crypto currency market, i think that bitcoin will be top currency in this time. I also think that in future bitcoin price will hit $100k. So i also believe that bitcoin will be best profitable, which will be future gold in cryptocurrency market.

[Faisal2202]

But I have a serious question to ask..
- what do you think is driving the price of bitcoin up? Any news or update acting as catalyst?
- Will the price of bitcoin fall back again if for whatever reason, Trump loses the coming US presidential election?

I am just so curious to know your thoughts...

I think elections and the last quarter of 2024 are causing the market to be bullish but elections are the big catalyst here now the wait is about to end for election results seekers and they will take actions accordingly which will make BTC price more volatile.

I think yeah, if Trump fails, the market will dump but not for a long time as the sentiments are showing adoption is the reason behind this pump so I think before election results it will make a new ATH to create suspense and buying pressure is also high.

[0t3p0t]

I see it in the news that investors are riding a bet for Trumps victory so maybe this might make some movements as we all know these investors are big players in the market. No doubt pro Bitcoin like us are also making any positive involvement on this.

[Z-tight]

I see it in the news that investors are riding a bet for Trumps victory so maybe this might make some movements as we all know these investors are big players in the market. No doubt pro Bitcoin like us are also making any positive involvement on this.

I don't know if it has anything to do with the U.S. election and investors 'betting' on a victory for Trump, but it is good to see the price come so close to setting a new all time high.

I know speculators will want to take advantage of the forthcoming election, Trump has tried to convince some bitcoiners that he will support the network, so that is another thing to look out for.

[Fivestar4everMVP]

I see it in the news that investors are riding a bet for Trumps victory so maybe this might make some movements as we all know these investors are big players in the market. No doubt pro Bitcoin like us are also making any positive involvement on this.

I don't know if it has anything to do with the U.S. election and investors 'betting' on a victory for Trump, but it is good to see the price come so close to setting a new all time high.

I know speculators will want to take advantage of the forthcoming election, Trump has tried to convince some bitcoiners that he will support the network, so that is another thing to look out for.

Like I think I've mentioned in one of the threads on this board (or maybe it's on the other forum), I've come across several tweets on X who are saying that if Trump loses the forth coming election, they will sell all their bitcoins.

With several person saying this, it's not so hard to see that alot of crypto enthusiasts are rooting for Trump to win the election because they think he will help bitcoin and crypto in general operate better in the US .

Trump is one of those politicians that turned around from hating bitcoin to loving it, he has not only tried to convince, but he has actually bought alot of bitcoin, and actually have taken his time to attend bitcoin conference(s).
Surely, his winning the US presidential election will sure push the price of bitcoin upward, and him loosing sure will bring the price down a bit, but going forward, bitcoin will definitely pick up and continue rise again..

This is just my speculation.

[Ricardo11]

I think elections and the last quarter of 2024 are causing the market to be bullish but elections are the big catalyst here now the wait is about to end for election results seekers and they will take actions accordingly which will make BTC price more volatile.

I think yeah, if Trump fails, the market will dump but not for a long time as the sentiments are showing adoption is the reason behind this pump so I think before election results it will make a new ATH to create suspense and buying pressure is also high.

Trump's victory is important for Bitcoin's next positive movement, with only five days left for the election, and currently Bitcoin's price is at $72K. If Trump somehow loses, Bitcoin will definitely dump, because every Bitcoin expert thinks that if Trump loses, Bitcoin may drop below $50K, and if Trump wins, Bitcoin will cross $92K. However, nothing can be said about the possibility of Trump winning the election. But we must remember that Trump's victory will send Bitcoin to the pump. And at the end of this year and next year Bitcoin will become stronger.

[yhiaali3]

Positive news increases the demand for Bitcoin, which makes the price rise, and negative news does the opposite, making people sell, which increases the supply and lowers the price. But it is not only the news that affects the price rise, there are many other factors.

As for the US elections, they will definitely have a positive or negative impact on the price of Bitcoin. If Trump wins, the impact will be very positive, and if she wins completely, the impact will be negative, but in both cases I think the impact will be temporary and will not last long.

[TomPluz]

But I have a serious question to ask..
- what do you think is driving the price of bitcoin up? Any news or update acting as catalyst?
- Will the price of bitcoin fall back again if for whatever reason, Trump loses the coming US presidential election?

One big reason for the rise of Bitcoin can be the big inflows happening in many ETFs right now and if things can be sustained then we can see a new ATH maybe in November though it is good to note that on the first day of this month the price went back to $69K but am still more positive that there is still more energy now in Bitcoin for it to be back at $72 and then maybe even make it to $75K especially if we can see DJT getting the big YES vote from the electoral college. Of course, if DJT will not win the election and it would be Kamala Harris to take the plum post I am seeing a big possibility for some downturn for Bitcoin though things here can be temporary.

[Faisal2202]

Trump's victory is important for Bitcoin's next positive movement, with only five days left for the election, and currently Bitcoin's price is at $72K. If Trump somehow loses, Bitcoin will definitely dump, because every Bitcoin expert thinks that if Trump loses, Bitcoin may drop below $50K, and if Trump wins, Bitcoin will cross $92K. However, nothing can be said about the possibility of Trump winning the election. But we must remember that Trump's victory will send Bitcoin to the pump. And at the end of this year and next year Bitcoin will become stronger.

Let's get to the bottom of it (at least I think its the bottom) if you think this will happen if he win and if he loses then I am sure just like you half a million other people also think the same or maybe more. So if a lot of voters know this they will definitely vote for him, because in this era money and money-making opportunities in the future is what matter most.

I am also expecting a rise up to $80 to $90k but you saying $92k just added a bit of more confidence in me Thanks for that. Let's hope for best.

[coinerer]

But I have a serious question to ask..
- what do you think is driving the price of bitcoin up? Any news or update acting as catalyst?

All the cripto adoption increased compare to previous year. But now the upcoming us election is main concerning about Bitcoin to go up. If you saw that people are only buying Bitcoin and money is flowing on Bitcoin that's why we can't dominance is going up everyday.

- Will the price of bitcoin fall back again if for whatever reason, Trump loses the coming US presidential election?

I am just so curious to know your thoughts...

Yes currently the election is the main focus and everyone is eagerly waiting for the election result. It's fascinating that how much the election prediction is affecting on Bitcoin now. Just because of Donald Trump fall behind Harris Bitcoin is dump by $2k. In my point of view now commo trading is going on now FOMO trading is going on.
All eyes on Trump. It's possible that Bitcoin may godown as low as $50k if Trump losses. But the bigger picture will be that market will eventually came back to life. After washing all the paper hands the market will go for uptrend. And if trump wins there will be a fomo  pump around $75k - $80k.

My suggestion will be be patient and see what moves market made.