Bitcoin broke past the $65,000 mark for the first time since September, driving a surge in the altcoin market. Analysts noted historical price patterns recorded by BTC ahead of U.S. elections. Bitcoin is expected to reach new all-time highs by early 2025, potentially surpassing $120,000. The delay in Mt. Gox's creditor repayment plan is expected to ease selling pressure. Bullish sentiment is supported by macroeconomic conditions, including the U.S. economy entering a "Goldilocks" phase and China's stimulus package. The altcoin market responded positively to BTC's price surge, with ENA, WLD, and BRETT leading the gains. ENA broke out of an Inverted Head and Shoulders pattern, while WLD broke past a three-month accumulation zone. Brett, a memecoin, also posted double-digit gains.



Other News from Today