CandleFocus Bitcoin set sight on new all-time high after briefly breaking past $73,000
2024-10-30
Author: Content Editor
Bitcoin is attempting to set a new all-time high as it trades around $72,200, and this aligns with the trend of October being the month with the best returns for the cryptocurrency in recent years. Bitcoin's price also shows a correlation with Donald Trump's Polymarket odds in the upcoming US elections. BTC has surpassed resistance levels and reached a market capitalization of $1.45 trillion, with low exchange reserves indicating high investor buying. Bitcoin ETFs have seen significant net inflows in October. If BTC reaches a new all-time high, it will further strengthen the belief that October is Bitcoin's best month. There is anticipation of a price surge in the crypto market if Trump wins the US presidential elections. However, a decline could find support near the $66,400 level.
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