Post
Topic
Board Speculation
Re: Whales are accumulating bitcoin
by
Ultegra134
on 05/11/2024, 21:02:34 UTC
If we look at the Bitcoin market system, we can see that the price of Bitcoin has been decreasing gradually for the past few days. Bitcoin is volatile but it continues to move at a certain pace, the rising price is a prime example of that. I can imagine that Bitcoin will definitely have a positive impact on the upcoming elections, because whichever party wins the elections, Bitcoin can contribute to a higher peak. And if Donald Trump wins, expect Bitcoin to make a new all-time high ATH very soon.

Many people are motivated by the rising Bitcoin price and investors are waiting for a big return, so for those who are still thinking about Bitcoin investment I say start investing today and keep going!
I wouldn't say it's decreasing; it almost reached a new ATH a few days ago, and since then, it has been ranging between $68,000 and $70,000. I would say that it's generally stable, while its volatility has decreased the past few months, with minor price fluctuations that usually recovered within a couple of days. We're only a few hours away from the 2024 U.S. elections, and I'm also positive that Trump can influence Bitcoin's price positively. I'm not keeping much track of the U.S.'s politics, but I'm confident that Trump is going to win.