Expert Says Super Bullish Days Are Loading For Crypto, Here’s Why | Bitcoinist.com



The
ever-evolving
world
of
crypto
assets
could
be
poised
for
substantial
growth,
as
market
experts
at
the
cryptocurrency
channel
Our
Crypto
Talk
are


heralding


an
unprecedented
super
bullish
phase
for
the
industry,
driven
by
a
convergence
of
significant
global
developments.
Key
among
these
is
the
adoption
of
cryptocurrency
assets
in
the
impending
United
States
Presidential
election,
scheduled
for
November
4,
this
year.

How To Get Free Crypto  


Crypto
Industry
On
The
Path
To
Substantial
Growth


According
to
the
channel,
crypto
is
currently
so
big
that
it
plays
a
role
in
the
US
presidential
elections.
Due
to
this,
new
investors
and
holders
are
excited
about
the
amount
of
traction
the
industry
is
receiving,
which
begs
the
question,


“Do
you
have
enough
in
your
bag?”


The
analysts
noted
that
the
market
saw
a
notable
price
surge
over
the
last
3
weeks,
with
Ethereum
seeing
a
25%
pump
before
the
approval
of
its
spot
Exchange-Traded
Funds
(ETFs).
Several
encouraging
factors,
like
former
US
president


Donald
Trump
‘s
endorsement
of
Bitcoin
and
other
digital
assets,
are
driving
this
bullish
trend.


It
is
worth
noting
that
Trump
recently
has
constantly
declared
his
support
for
digital
currencies,
by
accepting
donations
for
his
campaign
in
the
form
of
these
assets.
This
move
by
Trump
signifies
a
major
landmark
for
the
adoption
of
these
assets,
as
it
is
the
first
time
a
major
government
figure
has
openly
backed
them.


He
has
also
promised
to
bring
forth
a
safer
regulatory
landscape
for
the
currencies
by
keeping
anti-crypto
figures
like
US
Senator

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Elizabeth
Warren


away
from
it,
to
drive
innovations
in
the
country.
Given
Trump’s
status
as
a
major
presidential
candidate,
his
involvement
tends
to
give
the
market
more
legitimacy.


The
channel
further
highlighted
that
Trump’s
pro-crypto
position
is
perhaps
an
attempt
to
draw
in
young
enthusiasts
in
the
industry.
By
accepting
digital
currency
contributions,
his
campaign
may
gain
more
support
from
individuals
who
only
care
about
this
one
subject,
which
might
significantly
affect
politics.


With
obvious
disparities
between
Trump
and
incumbent
US
President
Joe
Biden’s
position,
the
channel
claims
the
assets
are
emerging
as
a
significant
political
issue.
Thus,
it
will
be
fascinating
to
watch
how
Biden
responds
to
this,
given
his
stance,
which
may
further
energize
this
rally.


In
all,
this
rising
significance
of
digital
assets
in
politics
has
the
potential
to
impact
voter
choices
and
provide
additional
legitimacy
to
the

FreeBitcoin Banner  


market
.


Market
Sentiment
To
Drive
Massive
Prices


Our
Crypto
Talk
also
delved
into
the
substantial
gains
these
developments
could
trigger
for
digital
coins,
particularly
Bitcoin.
According
to
the
channel,
a
cup
and
handle
pattern
has
formed
on
the
Bitcoin
chart,
suggesting
that
$116,000
may
be
a
possible
price
target.


This
pattern
indicates
a
significant
upward
trend
in
the
price
of


Bitcoin


and
reinforces
the
bullish
sentiment
surrounding
the
market
due
to
crypto’s
presence
in
the
US
presidential
elections
this
year.


However,
Bitcoin’s
dominance
is
presently
sliding
below
major
resistance
levels.
As
a
result,
the
channel
anticipates
the
momentum
to
shift
toward
Altcoin,
which
would
cause
a
shoot
up
as
much
as
BTC
in
the
upcoming
leg,
if
not
more.

Total
cryptocurrency
market
cap
at
$2.479
trillion
|
Source:
TOTAL
on

Tradingview.com

Featured
image
from
Adobe
Stock,
chart
from
Tradingview.com

Go to Source
Author: Godspower Owie


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