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Home Technical analysis BTC

Bitcoin Price Spikes Higher On Election Day Uncertainty, Aims For $14K

Tony Spilotro by Tony Spilotro
5 months ago
in BTC
Reading Time: 1min read
bitcoin,btc,btcusd,btcusdt,btcusdc,xbt,xbtusd,crypto,election day

Closeup shot of one vote button in focus in between many other buttons in a box. Selective focus with shallow depth of field.

Advertisement

Bitcoin price has remained resilient in the face of plenty of negative news, and not even the uncertainty and anxiety surrounding the pivotal US election can dent the cryptocurrency’s ongoing bullish momentum.

Even with investor emotions running higher than ever today, the leading cryptocurrency by market cap won’t stop climbing and is once again heading toward $14,000 in a fury. Will this time Bitcoin hold above the resistance level?

Election Day 2020: Bitcoin Aims For Yet Another New Yearly High

Bitcoin price just blasted above $13,500 and is now well above $13,750, attempting to break back above $13,800 and make another attempt at holding over $14,000 where a higher high was set just days ago.

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The leading cryptocurrency by market cap is beginning a bull market, and once the election is over, it could be clear skies for the cryptocurrency.

bitcoin election day pump

Bitcoin rallies with more momentum than either candidate did during the election lead-up | Source: BTCUSD on TradingView.com

And even with election day uncertainty in the air, the crypto asset continues the rally that has made it the best performing mainstream asset in finance for the entire year.

Related Reading | Bitcoin RSI Moves Into Bull Market Territory, Here’s What Happens Next

Regardless of the outcome, Bitcoin’s momentum won’t likely be stopped any time soon.

Featured image from Deposit Photos, Chart from TradingView.com
Tags: bitcoinbtcbtcusdbtcusdcBTCUSDTcryptoelection dayxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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