CandleFocus Bitcoin Holds $66K as Q3 GDP, Earnings, and Election Stir Crypto Market
2024-10-29
Author: Content Editor
Bitcoin has found support around the $66,000 level, which is seen as a significant point in the ongoing bull cycle by crypto analysts. Although BTC has surged to the $70,000 range, traders are advised to remain cautious until there is a clear break above this level. The upcoming release of Q3 GDP data and the U.S. non-farm payroll report, as well as the anticipation surrounding Mega-Cap Earnings reports and the U.S. presidential election, are expected to have an impact on the crypto market this week. A poll on Polymarket suggests that crypto users view a Trump presidency as more favorable for the industry, leading to predictions of a potential market rally if Trump wins. Additionally, other cryptocurrencies like Solana and Sui have also experienced gains.
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