Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Trump Poll Reaches 210, Sending Bitcoin to Record $75K

Trump poll leads with 210 electoral votes, exciting the crypto market. Bitcoin hits a record $75,000 amid hopes for pro-crypto policies. Polymarket shows a 94.2% Trump win chance. CoinOtag

---

Bitcoin Price Back On The Rise as Trump Leads the Pack: Rally to Continue?

Bitcoin price is surging again above $70,000. BTC is showing signs of strength and might even clear the $73,500 resistance zone amid Trump’s lead. Bitcoin started a fresh surge above the $70,000 zone. The price is trading above $71,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to rise above the $73,000 resistance zone. Bitcoin Price Surges Over 5% Bitcoin price remained stable the $65,500 support zone. A base was formed and BTC price started a fresh surge above the $68,500 resistance. Trump is clearing leading and sparking a fresh rally in BTC. The price gained over 5% and cleared the $70,000 barrier. It surpassed the 50% Fib retracement level of the downward move from the $73,574 swing high to the $66,836 low. There was a break above a key bearish trend line with resistance at $68,450 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $72,000 and the 100 hourly Simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $73,574 swing high to the $66,836 low. On the upside, the price could face resistance near the $72,800 level. The first key resistance is near the $73,200 level. A clear move above the $73,200 resistance might send the price higher. The next key resistance could be $74,500. A close above the $74,500 resistance might initiate more gains. In the stated case, the price could rise and test the $75,000 resistance level. Any more gains might send the price toward the $78,000 resistance level. Are Dips Limited In BTC? If Bitcoin fails to rise above the $73,200 resistance zone, it could start another decline. Immediate support on the downside is near the $72,000 level. The first major support is near the $71,200 level. The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $72,000, followed by $71,200. Major Resistance Levels – $72,800, and $73,200. CoinOtag