Bitcoin price rally to $110K ‘incoming’ after positive Coinbase premium, Trump victory — Analyst
A boost in Bitcoin’s spot volumes and a classic chart pattern hint that $110,000 could be the next stop for BTC price.
Bitcoin (BTC) reached an all-time high of $75,358 after rallying 7.23% in a single four-hour candle. The bullish momentum accompanied the lead-up to Donald Trump’s US presidential election victory on Nov. 5.
With the US elections concluding with a “pro-crypto” president on deck, one crypto analyst re-iterated a Bitcoin price target above $100,000 in the coming weeks.
A few hours after the US election results, Titan of Crypto, an independent trader, highlighted a long-term cup-and-handle pattern for Bitcoin, which is currently undergoing a successful bullish breakout.
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Author: Biraajmaan Tamuly
