In the wake of the US presidential election, Bitcoin (BTC) is experiencing the expected volatility that often accompanies major political events. Tuesday’s trading saw the largest cryptocurrency fluctuating between $68,000 and $70,000, with the latter level acting as resistance since Saturday. Market analysis firm Crypto Birb has released insights into the potential impacts of the election on Bitcoin’s price trajectory, suggesting that, based on current indicators, Bitcoin could reach new record highs above $73,700 in the days following the election. Bitcoin Price Could Soar To Over $263,000 In a recent social media update, Crypto Birb highlighted several key figures for traders and investors, including the upward trends in the 200-week and 50-week simple moving averages (SMAs), currently at $59,200 and $40,700, respectively, which point to a bullish long-term outlook for the Bitcoin price. The firm notes the presence of over $470 billion in volume from exchange-traded funds (ETFs) investing in BTC, further contributing to market liquidity, which is critical for Bitcoin’s price movements to the upside. Related Reading: Dogecoin Price Rally Gains Momentum, Will DOGE Smash Through $0.18? However, a market b ..
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