Market Analysis by Investing.com (Günay Caymaz) covering: Bitcoin US Dollar. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Trump’s pro-Bitcoin stance may add momentum, with regulatory changes potentially in play.’s rapid rally following Donald Trump’s election victory has captured the attention of crypto investors, setting a fresh record at $75,356.
The rally’s timing points to a powerful force in play: Trump’s vocal support for the cryptocurrency throughout his campaign. With bold promises like establishing it as the U.S. reserve currency, his potential return to the White House has triggered FOMO across the crypto landscape. After gaining support around $60,000 last month, Bitcoin’s steady climb brought it to $73,500 before a brief pullback to $67,500, which retested its breakout from a long-standing downward channel.
In case of a pullback, look for support around $73,500 and $72,200. Holding this range could sustain the uptrend, but a dip below $70,000 might signal a deeper retracement.
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