So we are retracing back down to 67.8k on Nov 3rd. Do we go lower?

[Lucius]

Well like the new hybrid car I got [ a hedge bet for the election]

I am hedged for the election Trump wins and we moon shot I have a sell ladder
Harris wins and we tank I  have a set of downward buy steps.

75,79,82,85

62,57,48,42

For you, every result is a win-win situation, which can realistically be the best way for people to position themselves for what follows. Apart from the fact that people will imagine that Trump really can or wants to do something when it comes to BTC (in case he wins), I have already written several times that in the long term it is irrelevant who will win - because the president of the US has much more important work to do than to deal with with something trivial (for them, of course) like Bitcoin.

For strategy

+1

[Sim_card]

If Trump wins the election, I don't see bitcoin price dip below 65k, but if he did not bitcoin price might go below that price. We might start November with a dip but I believe that by mid November bitcoin will bullish just like what happened last month.

[rdluffy]

For you, every result is a win-win situation, which can realistically be the best way for people to position themselves for what follows. Apart from the fact that people will imagine that Trump really can or wants to do something when it comes to BTC (in case he wins), I have already written several times that in the long term it is irrelevant who will win - because the president of the US has much more important work to do than to deal with with something trivial (for them, of course) like Bitcoin.

And you're probably right
Looks like interest rates are more important in general than US elections, but right now we are in speculative phase, in a few hours we will know the next president of US and people will make their decision about BTC (this is good)

But I suspect about a big candle, red or green at the moment of announcement and a positive end of November

[_act_]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

The market may go little more bearish from here and we also may see it going in the direction of bullish, anything can happen at any time, there is no certainty from what has been happening of recent that we must have the bear, because we have been seeing a lot of resistance of the market from going bullish and the support level for bear is partially increasing and before we know, this may virtually happened.

[philipma1957]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

The market may go little more bearish from here and we also may see it going in the direction of bullish, anything can happen at any time, there is no certainty from what has been happening of recent that we must have the bear, because we have been seeing a lot of resistance of the market from going bullish and the support level for bear is partially increasing and before we know, this may virtually happened.

well a lot of money moved around and we did top 73k last week. last i. looked we dropped as low as 66.8k

and we are back to 68.3k. my gut tells me tues we do the drop close to 62.6 k

but no real good reason just a feeling.

BTW the difficulty is now well over 102t a 5% jump or 100,000 s21xps or 27eh about 600,000,000 million in miners nice investment.

[Lucius]

I don't know what the news is from the US, but the price of BTC reacts positively because we are approaching $70k - it would be really interesting if, say, KH wins and we have a 15-20% jump in price in the coming days. I wonder how all those who think Trump is better for BTC than KH would explain it

[BitMaxz]

well a lot of money moved around and we did top 73k last week. last i. looked we dropped as low as 66.8k

and we are back to 68.3k. my gut tells me tues we do the drop close to 62.6 k

It seems it won't happen today; there's a change in the current price action, and the price touched again to $70k. It appears that it will attempt to retest the $73k level in the coming days.
Because there is a breakout on the current flag, we cannot guarantee that the price will fall further. However, it is more likely that the $73k level will be retested this week.

I don't know the reasons, but it looks like because of the election?

[Asiska02]

I think we will drop back under 62.1k by the end of November. I got cash ready to buy when we do.

I didn’t see this coming anytime now after we’ve touched the new all time high after a long time it got there early this year. The market has been on an uptrend for a while now and I don’t imagine that it would retrace back to that number again this year. Surely, when we are looking to cross a resistance level, it has to come and retouch a support zone again and again to gather the momentum to break pass such resistance. I won’t be surprised if it does come down to that price, but I’m sure when it does, it’ll have a big pump and we may not see it coming back to touch this price again till after the bull run and the bearish market sets in again.

[philipma1957]

Well numbers are coming in very very very early and Trump looks okay. BTC is close to 69.7k

[BitMaxz]

Well numbers are coming in very very very early and Trump looks okay. BTC is close to 69.7k

As I mentioned yesterday, after the breakout, it showed signs that it would retest the old ATH, and a few hours ago it reached $75k, which is a new ATH. We will see if the price will continue to pump above $76k or if this is the last pump.
It looks like the Election has a good impact on the BTC price.

[rdluffy]

Well numbers are coming in very very very early and Trump looks okay. BTC is close to 69.7k

As I mentioned yesterday, after the breakout, it showed signs that it would retest the old ATH, and a few hours ago it reached $75k, which is a new ATH. We will see if the price will continue to pump above $76k or if this is the last pump.
It looks like the Election has a good impact on the BTC price.

Very nice to see BTC reaching ATH again, and I hope this time we can see BTC at 80k for the first time 
Let's see if the FOMO will reach retail or not

I don't think BTC will fall again to less than 65k, but is all my guess, not based in anything technical hehehe

Anyone selling?

[Lucius]

Very nice to see BTC reaching ATH again, and I hope this time we can see BTC at 80k for the first time 
Let's see if the FOMO will reach retail or not
I don't think BTC will fall again to less than 65k, but is all my guess, not based in anything technical hehehe

Now is the right time for those who have been waiting to get involved, because I think there may not be a better moment in this cycle. The biggest question now is how long this positive wave will last - because if Trump doesn't do anything of what he promised when it comes to BTC (and it's possible that he won't) it can lead to disappointment in the actions of investors - even though they have 4 years ahead of them to hope for the fulfillment of the promise.

Anyone selling?

There is no doubt about it, there are always those who try to profit in the short term - otherwise the price would already approach $80k. It seems to me that at $75k there were a lot of sales offers that were fulfilled, which brought the price back.

[rdluffy]

Now is the right time for those who have been waiting to get involved, because I think there may not be a better moment in this cycle. The biggest question now is how long this positive wave will last - because if Trump doesn't do anything of what he promised when it comes to BTC (and it's possible that he won't) it can lead to disappointment in the actions of investors - even though they have 4 years ahead of them to hope for the fulfillment of the promise.

My feeling so far is that it still feels different from last cycle
I still don't feel the FOMO that people had at the time it hit 69k
It's also not a guarantee that it will happen again, as there are now many institutional investors, and those who lost money back then may not want to invest in crypto again.

But it could be that we have a very optimistic future ahead of us, if Trump is really friendly to cryptos and has a favorable environment, without so many threats from the SEC, the value could rise a lot in the medium and long term.

What do you think?

[Aanuoluwatofunmi]

I think now is time for us to experience going higher the more from here, the all time high has been achieved on $75,000 and we are moving close to emerge for $80,000 before the end of the year, as for now, we should expect being more bullish with the market is performing, many thought about this happening in October, but we eventually have it this month of November with all time high.

[JoyMarsha]

Trump's victory in the US election is a clear indication that Bitcoin is on the moving train to a higher price, not the one to return to a declining price again. However, those who missed joining the moving train will meet her at a high price, if they choose to join.

However, this is another right time to buy Bitcoin because if you are waiting for Bitcoin to drop back to below the price of $62k, I am sorry that you won't have it. It's better to invest now because you as an investor, will still end in profits before the end of this year. There's no way Bitcoin won't surge above $75k at the end of the year.