Veteran Traders Share ‘Presidential Election Crypto Trading Roadmap,’ Predict Heavy Volatility
Posted On November 5, 2024
Pseudonymous crypto analysts DonAlt and CryptoCred explored Bitcoin’s (CRYPTO: BTC) price trends and the impact of Tuesday’s presidential election.
Bitcoin’s Expected Trajectory
In the latest ‘Technical Roundup’ episode, DonAlt noted Bitcoin’s recent surge to close to its all-time high before retreating below $70,000, calling the monthly close “catastrophic” after a key resistance retest.
He projected $49,000 as the first support level in the short term, with more robust support near $35,000 on a monthly timeframe, and in an extreme scenario, a possible drop to $16,000.
DonAlt attributes recent sluggish crypto …
About The Author
