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The Bitcoin value has soared 4.5% within the final 24 hours to commerce at  $97,535 as of three:30 a.m. EST on an 18% pump in buying and selling quantity to $105 billion.

This surge in value comes as President-elect Trump considers Teresa Goody Guillén, a blockchain knowledgeable and seasoned securities lawyer, for the function of SEC Chair.

BREAKING: 🇺🇸

Trump contemplating Crypto lawyer Teresa Goody Guillén to exchange Gary Gensler as SEC Chair – Coin Desk pic.twitter.com/UBturdoo4M

— Radar🚨 (@RadarHits) November 19, 2024

Goody Guillén enters a aggressive shortlist to exchange present SEC Chair Gary Gensler, who just lately started referring to his job prior to now tense and is predicted to step down earlier than Trump’s inauguration on January 20.

Her potential appointment alerts a shift towards pro-crypto insurance policies and lighter laws, sparking optimism within the crypto market.

Bitcoin Value Rallies Alongside A parabolic Curve

Bitcoin’s journey to $97,576 has been nothing in need of extraordinary because it marches steadily towards the much-anticipated $100,000 milestone. Over the previous weeks, the worth has adopted a surprising parabolic curve, signaling intense shopping for stress and enthusiasm from merchants and traders alike.

Round $50,000–$55,000, Bitcoin has established a significant assist zone, a degree that has been examined and revered a number of instances prior to now. This zone represents the protection web for any potential corrections. The golden cross, a key bullish sign, occurred because the 50-day transferring common at $72,758 rose above the 200-day transferring common at $65,345. This alignment of transferring averages alerts that the long-term development stays firmly upward.

BTCUSD Evaluation Supply: Tradingview

Bitcoin Value Technicals Sign A Brief Time period Pull Again

Nevertheless, the twist is the Relative Energy Index (RSI), now at 81.75. This means that Bitcoin value is within the overbought area, a warning signal that the rally might expertise a pause or pullback because the market takes a breather.

If this occurs, Bitcoin may revisit ranges like $72,000 and even $65,000, the place the transferring averages would provide assist. In a extra dramatic state of affairs, the worth may take a look at the robust $50,000–$55,000 assist zone earlier than regaining momentum.

The highlight is on $100,000, a crucial degree that would outline Bitcoin’s subsequent chapter. A breakout past this level may propel the worth towards $105,000–$110,000, pushed by FOMO (worry of lacking out) and renewed curiosity.

However, a failure to carry the parabolic trajectory may open the door for corrections, providing a possibility for affected person consumers to re-enter the market.

FreeDum Fighters Presale Blasts Previous $603k- Subsequent Crypto To Explode!

As Bitcoin value approaches the $100k zone, traders are shopping for into a brand new PolitiFi meme coin referred to as FreeDum Fighters ($DUM), with its presale blasting previous $603k in funds raised.

In accordance with analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can probably surge 10X when it launches.

FreeDum Fighters is a political-themed meme coin set in a futuristic world the place customers interact in dynamic interactions with two distinguished candidates: MAGATRON, a strong robotic determine representing Donald Trump, and KAMACOP, a trailblazing feminist symbolizing Kamala Harris.

Get pleasure from Excessive Staking Rewards

Holders of the undertaking’s native token, $DUM, can stake their tokens to vote for his or her favourite candidate. To date, 56% of traders who’ve chosen MAGATRON are having fun with a powerful annual staking yield of 249%. In the meantime, these staking in favor of Kamacop are reaping a jaw-dropping 408% annual return.

The FreeDum Fighters ecosystem is about to develop by introducing extra political figures into its world. In a playful nod to the Trump administration, the group envisions DOGE probably main the Division of Authorities Effectivity. The undertaking has additionally featured Darkish MAGA in its distinctive paintings, additional constructing on its daring political themes.

Prepared for this 12 months’s elections?

Get entangled early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅

Forged your vote by taking part within the $DUM presale and utilizing their stake-to-vote system 🗳️

Make sure to comply with this undertaking, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq

— Crimson (@_Redweb3) October 17, 2024

Positioned as a pioneer within the rising PolitiFi area, FreeDum Fighters goals to create a long-lasting platform that blends meme tradition with political engagement.

The undertaking helps Ethereum (ETH), Binance Sensible Chain (BSC), Base, and Solana (SOL), guaranteeing large accessibility for customers. Token holders may also take part in full of life weekly political debates, including a community-driven component to the ecosystem.

Presently, $DUM tokens are priced at $0.000085 and may be bought utilizing ETH, BNB, USDT, USDC, or SOL.

Nevertheless, with a deliberate value hike within the subsequent 5 hours, now could be the right time to hitch the motion and safe tokens on the present charge.

Go to the official FreeDum Fighters web site to make your buy.

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