MEXCBitcoin Price Prediction Hints No Return to Pre-Election Levels
Highlights
- Historical trends indicate the Bitcoin price never dipped to pre-election levels.
- Bitcoin price prediction, backed by whale accumulation, signals the potential for a prolonged uptrend.
- The BTC price breakout from the flag pattern hints at a rally to $1,00,000.
The Bitcoin price surged 8.9% during Wednesday’s trading session to trade at $75,341. The U.S. election result fueled the bullish momentum as Donald Trump became the 47th U.S. President. As the BTC entered price discovery mode, the historical trend indicates the asset has never visited the pre-election level, indicating the opportunity to momentum buyers.
According to Coingecko, the global crypto market cap surged to $2.6 Trillion, and 24-hour trading volume holds around $281.5 Billion.
Bitcoin Price Prediction: Pre-Election Levels May Never Be Seen Again
On November 6th, the crypto market witnessed a significant surge in bullish momentum following Donald Trump’s victory in the U.S. presidential election. The market’s positive response is attributed to Trump’s pro-cryptocurrency stance during his campaign and expectations for improved regulation of the digital market.
Historical data shows that Bitcoin price prediction has exhibited strong performance across U.S. election cycles since its inception in 2009. According to QCP Capital, the last three election results boosted BTC to new highs, with prices never reverting to pre-election levels.
The strong buyer momentum recorded in the crypto market today reinforces the bullish thesis, raising the market confidence for the 2025 bull run.
BTC Recovery May Extend as Whale Accumulation Intensifies
According to Lookonchain data, 11 crypto whales have accumulated around 1,807 BTC (worth approximately $132 Million) from the crypto exchange Binance amid the election result. They’ve also seen significant interest on crypto prediction markets.
A crypto whale has executed a significant long position on Bitcoin using recursive borrowing. The associated wallet borrowed $27M from DeFi lending protocol Aave to buy 366.31 WBTC at an average price of $73,708.
Despite a new high in Bitcoin, the aggressive accumulation indicates that large holders expect a further recovery in BTC price prediction. Historically, whale accumulation has accelerated market recovery and investor sentiment.
BTC Price Analysis Hints Major Rally Amid Flag Breakout
The Bitcoin price prediction has traded sideways for the past eight months, struggling to surpass the $73,800 barrier. This consolidation in the daily chart shows the formation of a famous bullish continuation pattern called ‘Flag.’
The last two months were strongly bullish for BTC price forecast, as the asset rallied from $53,730 to $74,000, registering a 60% surge. The recovery gave an upside breakout from the pattern key resistance, offering the technical support for a potential surge.
If the pattern holds true, the Bitcoin price prediction could drive another 35% surge to hit $1,00,000.
However, if the breakdown fails and the BTC price is plunged within the flag range, the sellers could strengthen their grip over this asset.
Frequently Asked Questions (FAQs)
1. Why is a return to pre-election Bitcoin price levels considered unlikely?
2. How does whale activity impact Bitcoin price predictions?
3. What technical patterns suggest a potential rally to $1,00,000?
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