Analyst: Bitcoin to break through $77,000 due to crypto industry optimism about Trump's victory
2024-11-10 03:56:51
James Van Straten, a senior analyst at CoinDesk, believes that even after the first break above $77,000, the price of Bitcoin looks likely to continue to surge. Bitcoin broke through $77,000 or due to the optimism of the crypto industry about Trump's victory, it is interesting that Bitcoin did not sell off, but broke through the previous highs on November 6 ($76,400), November 7 ($76,900) and November 8 ($77,200). Gold and the US stock market are doing the same thing, making highs first and then breaking through highs. Bitcoin has been hovering between $50,000 and $70,000 for seven months, and although it has now broken out of that price range, investors are still patiently waiting for higher prices.
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