Bitcoin Technical Analysis – Trump or not Trump? That’s the question ...Middle East

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Bitcoin Technical Analysis – Trump or not Trump? That’s the question
Fundamental OverviewBitcoin has been rallying steadily in the last few weeks as Trump winning odds continued to soar in betting markets. The price eventually consolidated around a key trendline as the market might want to wait for the election result now before breaking out. A Trump victory is seen as bullish for Bitcoin given his embracement of the crypto industry and promised de-regulation. Harris, on the other hand, did embraced the industry as well, but it’s been more of a political move to attract voters rather than a strong support. Bitcoin Technical Analysis – Daily TimeframeOn the daily chart, we can see that Bitcoin is trading near a key long term downward trendline that’s been defi

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