Bitcoin is dumping heavily moments before the US election is about to get started so on today's up this video I will be exactly explaining about why Bitcoin is currently dumping what is likely to be expecting next year for the market because I have got multiple data points which literally tells us what is about to be happening in the next coming day here and I will also explain about why we're currently seeing that slid little dump right now in the market so without any further ado guys today's video will be packed with information about what currently
is happening in the market so can we once again slap up that like button back above 1,000 likes will be highly appreciated and with that of being said let me jump straight away in towards the content and let me straight away talk about why Bitcoin is indeed dumping right now and why I believe we are about to be getting a major rally towards the upside so first of all we are creating a major CI gap on the top side and yes most of the times when we're creating a CME Gap either on the end of
the Sunday or at the beginning of the Monday we tend to see a major pump to of course once again close up that Gap that we are currently creating and yes if we're trading above it we also always come down so this is not necessarily a thing that I want to be bullish but of course I've said this every single weekend so far but why is Bitcoin indeed seeing that major correction in the market right now here and first of all the first reason is potentially due to the fact that the odds of trump winning
are heav L decreasing and the odds of Harris potentially winning are massively increasing and this is happening just moments before the US election is about to get kickstarted and and whenever the count is going to get started we're going to get a clear and more clearer look about how it is exactly going to be playing out here and as soon as we know who the winner is going to be the market is also going to be pricing in this effect here because the market is quite bullish on Trump and since its alts are right now
significantly dumping we are right now seeing all Al an eff SL dump in the price section of Bitcoin is which what I believe here but if we're looking also at some data points guys every single election so far from 2016 and onwards so 2016 and 2020 just moments before the election Bitcoin actually saw a slid little dump here so here you saw in 2016 a slid little dump here before the election really hit also here in 2020 and this is also what we're currently seeing in 2024 so in all honesty everything is still playing out
exactly like we're expecting but one thing is for certain what happens afterwards is that we are seeing a major rally towards Southside I mean this is what you can see if I'm zooming in here in all these previous times we had the US elections just moments before the election we saw my a slight little drop here for just moments after that a major rally was getting followed so in all honesty yes this is something which is very likely to play out here and yes in every single bull market year in every single election year we
have seen Bitcoin go quite exponential after the election and historically also what is interesting to see is that the Bitcoin top is getting found about 500 days after the US election so that is also what I will be expecting this time around and like you can basically see in the next 54 to 60 days here is basically the period where we're going to get the most exponential push towards the upside and that is exactly what I will be expecting and like you can see I've got all all this data that is literally providing the fact
that this has happened historically this doesn't necessarily mean it's going to be happening again here but I do believe history tends to be rhyming and that is why I believe this is likely to be playing out next for Bitcoin then quickly scooping through the Bitcoin spot ETF last week we had BlackRock B buying more than a billion US dollars worth of bitcoin in just a matter of two days here last week Black Rock bought more than2 billion US and in all honesty I'm expecting that next week is going to be most certainly even more volatile
on the SP Bitcoin ETF and the Bitcoin prize action itself with that us election I have personally B more than $100,000 on Trump to be winning and if he does really win here guys I'm going to be doing a major major giveway to my community here on YouTube and on my X profile so make sure to follow me on both profiles because I'm going to be announcing the winner if of course I potentially win this bet I have placed then also I want to be looking at the Bitcoin bull flag pattern we're seeing right now
that the market is coming down ever so slight slightly due to the fact of of course we're seeing that the market is coming down aage slightly but of course that is due to the fact that the reasons that I've discussed earlier in this video but yeah historically a bull fli pattern is always going to be sending Bitcoin much much higher and that is ultimately also still what I do believe right now in this market and I do believe that Q4 is going to be having a positive ending with Bitcoin looking so bullish right now here
on the C and handle pattern the infers show us whatever you want to be calling it guys it is likely that we're just going to be seeing another push higher and if you right now want to be winning a free fre Rolex guys yes a free Rolex and many other insane bonuses you can currently win them if you right now go to the highest link description of today's video sign up an account to blof fin where you can literally trade without any kyc you can trade all the altcoins you ever wish to be trading so
if you want to be trading this bull market make a lot of money trading altcoins because I do believe altcoin season is about to be happening you need to be checking out blof fin in the link description of today's video further on if I'm currently looking out for the Bitcoin dominance we're seeing that literally were moments out before likely altcoin season is going to get started and the point is no one expects altcoin season to start until it starts and it massively drops and that point you are too late but all the data I've currently
shown you in front of your face right now here is literally providing all the data points you need to be knowing about that altcoin season is likely to be starting in the upcoming 20 to 30 days here so personally I am right now preparing myself self for this massive altcoin season which is about to be happening anytime him right now here and for Bitcoin all we're seeing right now here is that slightly little correction moments before the US elections and of course it's going to be depending who's going to be winning but guys we are
about to get major volatility especially if Mr Donald J Trump is going to be winning this election so Bitcoin currently is holding on towards this major support level which previously rent provided big big resistance for Bitcoin and in all honestly we're seeing right now the Bitcoin magd still crossing bullish which is in my opinion a very great sign here this Bitcoin chart right here also showing us that we're retesting this major previous resistance into support right now here and we can currently see here is that basically we got rejected by the previous timite but I
do believe we are going to be breaking above that moments after we do see the election forecast and and guys we are clearly seeing the monthly time frame is also breaking out so I really think that Bitcoin isn't looking all too bad right now here and with all this in the back of our Rems guys we're just expecting that in yes 36 hours from now on the volatility is going to get started and as soon as the market does know who's going to be the winner of the US election then we're going to be probably
seeing what the Bitcoin price is going to be doing I do really expect that if Harris is going to be potentially winning we're going to be seeing likely a major dump in the market since C's being a little bit anti- crypto and Trump has been more Pro crypto so yeah that is very important to be understanding right now here but of course we're just going to be seeing how it's going to be playing out but anyways guys thank you so much for watching towards amazing new update video and I hope to see you guys on
the next one tomorrow here on my channel peace out Kai
