Bitcoin (BTC) 
$98,937 price continues to fluctuate, rising to $70,400 after dropping to $69,500. Movements exceeding $1,000 within just a few hours have garnered attention. Altcoins are also reacting amid this volatility. The excitement surrounding election results is palpable.
ROSE Coin Insights
In his latest market assessment, Waleed Ahmed noted that the price of ROSE Coin has likely reached its lowest point and may begin to recover. With a low of $0.0597, the price decline could now be coming to an end. If the scenario predicted by the analyst unfolds, a significant rise to $0.189 could begin.
Diverse Bitcoin Commentary
BTC is at $70,355 and targeting $71,500 despite recent declines, which could be seen as positive. While Trump’s potential election win excites many, Harris’s consistent lead in polls makes a victory unexpected. Despite Elon Musk’s apparent support, Trump may still face challenges.
The Biden administration’s regulatory pressure on cryptocurrencies has complicated business operations for companies in the region for years. Additionally, each new SEC lawsuit tends to bring about further declines. The Justice Department’s substantial BTC reserves and sporadic sales add to the uncertainty.
In today’s analysis, Titan of Crypto mentioned:
“Bitcoin Key Level: $70,200.
After breaking Tenkan, prices typically retest this level, which currently sits at $70,200. BTC must reclaim this level to regain its upward momentum.”
As of the writing, this level has been reclaimed. Ali Charts reminded us of the BTC chart facing rejection five times. These attempts have consistently created lower lows. However, since the last rejection zone has been surpassed, the potential for a convincing upward breakout may become more apparent with daily closes above $70,200.
The final analyst, Moustache, wrote:
“Consider that BTC hit its low just before the US elections. Most expected this to happen later. It would be a perfect preemptive move. The 2020 scenario appeared very similar.”
His forecast indicates a potential for risky moves up to $49,500, yet he suggests possible attempts within the $60,000 range. Like others, he envisions a six-figure price target in the coming months.
