{"id":651628,"date":"2024-11-05T07:00:19","date_gmt":"2024-11-05T07:00:19","guid":{"rendered":"https:\/\/wncen.com\/?p=651628"},"modified":"2024-11-05T04:41:32","modified_gmt":"2024-11-05T04:41:32","slug":"bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/","title":{"rendered":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory"},"content":{"rendered":"

As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark.\u00a0<\/span><\/p>\n

BTC Faces Key Support Levels<\/span><\/h2>\n

Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of <\/span>exchange-traded funds <\/span><\/a>(ETFs) that invest in the cryptocurrency. Despite several attempts to breach this mark, Bitcoin has faced resistance, leading to a current price correction.<\/span><\/p>\n

Should it fail to maintain its position above $68,000, it may revisit the $66,600 support level, with a further drop potentially taking it down to $63,000\u2014an important threshold in the near term.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election<\/a><\/div>\n

Despite the current price challenges, many analysts maintain a bullish outlook for Bitcoin. Crypto analyst Ali Martinez <\/span>notes <\/span><\/a>that the days following past US presidential elections have historically shown volatility for Bitcoin; however, the overall trend has remained upward.\u00a0<\/span><\/p>\n

This analysis suggests that if this pattern holds true in the current election cycle, Bitcoin might retest its previous highs with potential for price discovery above the milestone reached 8 months ago.<\/span><\/p>\n

In addition, Martinez highlights a recent <\/span>buy signal<\/span><\/a> from the TD Sequential indicator on the 12-hour chart, suggesting that a rebound could be imminent, potentially allowing Bitcoin to challenge the $73,000 resistance level again.<\/span><\/p>\n

Bitcoin To Hit $100,000 Regardless Of Election Outcome<\/span><\/h2>\n

Analyst Miles Deutscher on the other hand, asserts that Bitcoin is on a trajectory toward $100,000, regardless of the November 5 election outcome. However, he <\/span>anticipates <\/span><\/a>that a Trump victory could further elevate Bitcoin\u2019s price ceiling, with speculative targets ranging from $200,000 to $300,000.\u00a0<\/span><\/p>\n

Deutscher further believes that this bullish sentiment extends to altcoins like Ethereum, which may also benefit from a BTC rally in the last part of the year.<\/span><\/p>\n

The analysis comes as Trump has <\/span>expressed <\/span><\/a>strong support for the crypto industry, even suggesting the potential use of Bitcoin as a strategic national reserve asset to address the country\u2019s substantial national debt, currently estimated at $35 trillion.\u00a0<\/span><\/p>\n

Many believe that a Trump administration could bode well for bitcoin’s future growth, with increased adoption and exposure from pension funds and institutions looking to diversify their portfolios, as seen in the current <\/span>resurgence <\/span><\/a>of Bitcoin ETFs.<\/span><\/p>\n

Related Reading: Ethereum Risk-To-Reward Ratio Is \u2018Too Good To Pass Up\u2019 \u2013 Top Analyst Sets $6,000 Target<\/a><\/div>\n

In contrast, Kamala Harris\u2019s position on cryptocurrency has been less clear. While she has not articulated a robust plan for the digital asset sector, experts predict a shift from the current Biden administration\u2019s regulatory scrutiny led by the US Securities and Exchange Commission (SEC).\u00a0<\/span><\/p>\n

At the moment, the difference on crypto betting site Polymarket <\/span>gives <\/span><\/a>Trump a nearly 60% chance of beating Harris in the coming hours. On the other hand, traditional polls <\/span>show <\/span><\/a>an even race between the two candidates, but with Trump winning every single swing state for the election.\u00a0\u00a0<\/span><\/p>\n

\"Bitcoin\"
The 1D chart shows BTC’s price drop experienced over the past few days. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark.\u00a0 BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of exchange-traded funds (ETFs) that invest in the cryptocurrency. Despite several attempts to breach this mark, Bitcoin has faced resistance, leading to a current price correction. Should it fail to maintain its position above $68,000, it may revisit the $66,600 support level, with a further drop potentially taking it down to $63,000\u2014an important threshold in the near term.\u00a0 Related Reading: Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election Despite the current price challenges, many analysts maintain a bullish outlook for Bitcoin. Crypto analyst Ali Martinez notes that the days following past US presidential elections have historically shown volatility for Bitcoin; however, the overall trend has remained upward.\u00a0 This analysis suggests that if this pattern holds true in the current election cycle, Bitcoin might retest its previous highs with potential for price discovery above the milestone reached 8 months ago. In addition, Martinez highlights a recent buy signal from the TD Sequential indicator on the 12-hour chart, suggesting that a rebound could be imminent, potentially allowing Bitcoin to challenge the $73,000 resistance level again. Bitcoin To Hit $100,000 Regardless Of Election Outcome Analyst Miles Deutscher on the other hand, asserts that Bitcoin is on a trajectory toward $100,000, regardless of the November 5 election outcome. However, he anticipates that a Trump victory could further elevate Bitcoin\u2019s price ceiling, with speculative targets ranging from $200,000 to $300,000.\u00a0 Deutscher further believes that this bullish sentiment extends to altcoins like Ethereum, which may also benefit from a BTC rally in the last part of the year. The analysis comes as Trump has expressed strong support for the crypto industry, even suggesting the potential use of Bitcoin as a strategic national reserve asset to address the country\u2019s substantial national debt, currently estimated at $35 trillion.\u00a0 Many believe that a Trump administration could bode well for bitcoin’s future growth, with increased adoption and exposure from pension funds and institutions looking to diversify their portfolios, as seen in the current resurgence of Bitcoin ETFs. Related Reading: Ethereum Risk-To-Reward Ratio Is \u2018Too Good To Pass Up\u2019 \u2013 Top Analyst Sets $6,000 Target In contrast, Kamala Harris\u2019s position on cryptocurrency has been less clear. While she has not articulated a robust plan for the digital asset sector, experts predict a shift from the current Biden administration\u2019s regulatory scrutiny led by the US Securities and Exchange Commission (SEC).\u00a0 At the moment, the difference on crypto betting site Polymarket gives Trump a nearly 60% chance of beating Harris in the coming hours. On the other hand, traditional polls show an even race between the two candidates, but with Trump winning every single swing state for the election.\u00a0\u00a0 Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":642366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,656,679,755,1119,1122,1144,78790,6664,26263,14690,1558],"class_list":["post-651628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-cryptocurrency"],"acf":[],"yoast_head":"\nBitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory<\/title>\n<meta name=\"description\" content=\"As the US braces for the outcome of the presidential election, Bitcoin (BTC) has experienced a price drop hovering around the $68,000 mark.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory\" \/>\n<meta property=\"og:description\" content=\"As the US braces for the outcome of the presidential election, Bitcoin (BTC) has experienced a price drop hovering around the $68,000 mark.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-05T07:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-05T04:41:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742\" \/>\n\t<meta property=\"og:image:width\" content=\"1306\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory\",\"datePublished\":\"2024-11-05T07:00:19+00:00\",\"dateModified\":\"2024-11-05T04:41:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\"},\"wordCount\":538,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"btc\",\"btc price\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"crypto analyst\",\"crypto news\",\"cryptocurrency\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\",\"name\":\"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742\",\"datePublished\":\"2024-11-05T07:00:19+00:00\",\"dateModified\":\"2024-11-05T04:41:32+00:00\",\"description\":\"As the US braces for the outcome of the presidential election, Bitcoin (BTC) has experienced a price drop hovering around the $68,000 mark.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742\",\"width\":1306,\"height\":742,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory","description":"As the US braces for the outcome of the presidential election, Bitcoin (BTC) has experienced a price drop hovering around the $68,000 mark.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory","og_description":"As the US braces for the outcome of the presidential election, Bitcoin (BTC) has experienced a price drop hovering around the $68,000 mark.\u00a0","og_url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-05T07:00:19+00:00","article_modified_time":"2024-11-05T04:41:32+00:00","og_image":[{"width":1306,"height":742,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory","datePublished":"2024-11-05T07:00:19+00:00","dateModified":"2024-11-05T04:41:32+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/"},"wordCount":538,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742","keywords":["bitcoin","Bitcoin news","bitcoin price","bitcoin technical analysis","btc","btc price","btcusd","BTCUSDT","crypto","crypto analyst","crypto news","cryptocurrency"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/","url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/","name":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742","datePublished":"2024-11-05T07:00:19+00:00","dateModified":"2024-11-05T04:41:32+00:00","description":"As the US braces for the outcome of the presidential election, Bitcoin (BTC) has experienced a price drop hovering around the $68,000 mark.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742","width":1306,"height":742,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\u2019s Election Victory","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin technical analysis","btc","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news","cryptocurrency"],"dateCreated":"2024-11-05T07:00:19Z","datePublished":"2024-11-05T07:00:19Z","dateModified":"2024-11-05T07:00:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump\\u2019s Election Victory\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-faces-threat-of-falling-to-63000-despite-rising-odds-for-trumps-election-victory\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Screenshot_423.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Screenshot_423.jpg?fit=1306%2C742\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"btc\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\",\"cryptocurrency\"],\"dateCreated\":\"2024-11-05T07:00:19Z\",\"datePublished\":\"2024-11-05T07:00:19Z\",\"dateModified\":\"2024-11-05T07:00:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Screenshot_423.jpg?fit=1306%2C742","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/651628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=651628"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/651628\/revisions"}],"predecessor-version":[{"id":651629,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/651628\/revisions\/651629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/642366"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=651628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=651628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=651628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}