Bitcoin Price Prediction: Will BTC Reach $90,000 With Trump’s Election?
Bitcoin Price Predictions Amid Trump’s Election Chances
Rumors abound as Bernstein, a $725 billion asset management firm, has made headlines with its bullish prediction for Bitcoin (BTC). The firm anticipates that BTC could skyrocket to $90,000 following a potential victory by Donald Trump in the upcoming elections. Currently trading around $56,500, Bitcoin has shown considerable strength with a recent 4% bounce.
Trump's candidacy poses a unique opportunity for the crypto market, as he is viewed as a pro-crypto candidate. Initial polling data suggests a favorable outlook for Trump, increasing the likelihood of substantial shifts within the market should he win. Notably, the association of Trump with crypto-friendly policies has led many investors to reassess their positions.
Bitcoin Price Trends and Market Predictions
- Bitcoin must maintain a weekly close above $56,000 to avert bearish trends.
- The 50-week Exponential Moving Average (EMA) at $54,100 is critical for sustaining bullish momentum.
- Potential Federal Reserve actions could also impact Bitcoin pricing positively.
Best Cryptos to Buy Now
Alongside Bitcoin, experts believe several altcoins like Dogecoin and Pepe are poised to lead the next market surge. As sentiment shifts, these memecoins may prove to be worthy investments for bullish investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.