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- Bitcoin Soars Amid Trump Victory, Eyes $300K by 2026
Bitcoin Soars Amid Trump Victory, Eyes $300K by 2026
Bitcoin surged to $81,845 following Trump’s election win and pro-crypto promises. Analysts now predict a potential climb to $100,000 by inauguration day, with a long-term target of $300,000 by 2026.
Joe G & Money Talks
November 11, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Bitcoin Soars Amid Trump Victory, Eyes $300K by 2026
Bitcoin Eyes $100K, Catching Up with Gold as Bull Market Accelerates
Dogecoin Soars 23% Amid Musk and Trump Speculation
Bitcoin surged to $81,845 following Trump’s election win and pro-crypto promises. Analysts now predict a potential climb to $100,000 by inauguration day, with a long-term target of $300,000 by 2026.
Bitcoin gave everyone a chance to buy breaks from Mar-Oct '24
When BTC decides to "Mark-Up," it never looks back
Throughout its history, when BTC runs - it runs
Based on Jan-Mar '24 run as ONLY one "time/price" Bayesian probability "priors," price could hit $125k by New Years— Peter Brandt (@PeterLBrandt)
12:04 PM • Nov 10, 2024
Key Events This Week:
1. OPEC Monthly Report - Tuesday
2. October CPI Inflation data - Tuesday
3. October PPI Inflation data - Thursday
4. Fed Chair Powell Speaks - Thursday
5. October Retail Sales data - Friday
6. Total of 12 Fed speaker events this week
We have another… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
1:36 PM • Nov 10, 2024
Main Points:
Trump Win Boosts Market: Trump's crypto-friendly stance sparks optimism.
Record Open Interest: Futures contracts hit all-time highs, signaling high market engagement.
Institutional Inflows: Over 1 million BTC now held in ETFs, reinforcing bullish sentiment.
Detailed Insights:
ETF Inflows Surge: $2.28 billion poured into Bitcoin ETFs since Nov. 6.
Technical Patterns: An inverse-head-and-shoulders pattern indicates a $300K target by 2026.
Market Confidence: Positive funding rates suggest bullish momentum among traders.
This is called a complex continuation inverted H&S pattern - I know that's a mouth full
Lots of chartists deny its existence - not me
Also not Schabacker, Edward and Magee - check for yourself
Note the similarities to Gold in 2009-2010
Complex shoulders, stunted RS
$BTC $XAUUSD x.com/i/web/status/1…— Peter Brandt (@PeterLBrandt)
8:52 PM • Nov 10, 2024
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Bitcoin Eyes $100K, Catching Up with Gold as Bull Market Accelerates
Bitcoin surged to a record high near $82,000, sparking optimistic predictions for $100,000 soon. The rally aligns with new institutional interest, ETF inflows, and Bitcoin’s continued competition with gold.
$100k $BTC is less than $20k away
Kinda crazy how far we’ve come
— Johnny (@CryptoGodJohn)
2:07 AM • Nov 11, 2024
Here we go. Shared this chart a few times - Bitcoin lags Gold a few months. When the breakout happens, expect rapid repricing.
— Charles Edwards (@caprioleio)
2:42 AM • Nov 11, 2024
Main Points:
Market Optimism: Bitcoin breaks $82,000, aiming for $100,000 by early 2025.
Institutional Inflows Grow: BlackRock’s Bitcoin ETF surpasses its gold ETF in recent inflows.
Mainstream Interest Builds: Google Trends suggest rising but early retail interest.
Detailed Insights:
Gold Comparison: Bitcoin aligns with gold’s recent gains, hinting at a lasting trend.
Economic Events Impact: CPI data and Fed updates to drive further market movement.
Historic Patterns: Six-figure BTC price targets increasingly likely amid strong momentum.
This is what happened to the gold price after the Gold ETF went live. In contrast the BTC ETF have taken in x10 in the first year. They also increased the new gold supply, while the new Bitcoin supply is cut in half every 4 years.
— Bitcoin for Freedom (@BTC_for_Freedom)
11:40 AM • Nov 9, 2024
₿itcoin reached $82,037. +2152.04%
♢Ethereum reached $3,191. -21.17%
Dogecoin has surged 23% to surpass USDC and XRP in market cap, reaching its highest price since October 2021. The rally follows excitement around possible pro-crypto support from the Trump administration and Elon Musk’s involvement.
#Dogecoin catalyst that helps drive the price of $Doge to $1 and beyond.
1) D.O.G.E (Department of Government Efficiency)
2) X Payments - dogecoin integration
3) Tesla accepting Dogecoin
4) Dogecoin adoption by the businessesThere are more...
— ĐogeGuy 🥇 (@DogeGuy14)
11:41 PM • Nov 10, 2024
Main Points:
Market Surge: DOGE climbs 23%, securing the sixth-largest crypto position.
Musk & Trump Effect: Speculation rises over Trump’s policies and Musk’s DOGE-linked ideas.
Bullish Trends: DOGE funding rates spike, showing rising interest in long positions.
Detailed Insights:
Funding Rates: DOGE’s open interest funding rate reached 0.0448%, indicating a strong appetite for long trades.
Golden Cross Signal: A bullish golden cross pattern could drive DOGE toward $0.377.
Resistance Ahead: DOGE needs to surpass $0.30 for continued gains, with a fallback point at $0.22 if momentum fades.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results