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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Quickly Approaches $15,000 As Election Outcome Lingers

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
2 mins read
bitcoin 15000

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The stress related to the United States Presidential election has triggered a wave of FOMO buying in Bitcoin, picking up in steam even more the longer the outcome of the election lingers on.

With more than 48 hours already passed since polls began to close, how long could this go on for, and how will the cryptocurrency continue to react in the face of all the risk, chaos, and uncertainty across the globe?

Bitcoin Falls Short of $15,000 By $50, But Could Break By Election Decision

Bitcoin price continues to rise along with tensions and anxiety across the world, as the culmination of the pivotal 2020 US Presidential election prolongs further.

The longer the decision drags on, the stronger Bitcoin appears to react. Anxieties have caused the VIX to spike and volatility across all markets to result. But unlike Black Thursday, the volatility is playing out to the upside instead.

Bitcoin has benefitted enormously, blasting through $14,000 and rising 6% intraday after weeks and months of extended upside.

bitcoin 15000

Bitcoin tries to take out $15,000 as anxieties climb on election outcome delays | Source: BTCUSD on TradingView.com

The cryptocurrency raced all the way toward $15,000, stopping short by about $50 on most crypto exchanges.

The election was expected to be bearish for markets, and investors were warned to begin taking profit and hedging against the uncertainty. Those who did, have missed out sorely on some of the year’s best performance in crypto and stocks combined.

Related Reading | Bitcoin Price Clears $14,000 As Presidential Race Conclusion Nears

Stocks did dive ahead of the election but have recovered with some of the largest single-day gains on record. Bitcoin has exploded higher alongside. Will the cryptocurrency continues to spike to high running emotions and FOMO, or once a decision is made, will things come toppling down?

Featured image from Deposit Photos, Charts from TradingView.com
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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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