Democrats Return to the Election Battle with Harris!
Democrats Return to the Election Battle with Harris! Financial Markets Confused!
Kamala Harris, with the support of 68% of Democrats, is closer to competing against Trump.
The Vice President of the United States, Kamala Harris, has surpassed the necessary support threshold to secure the Democratic Party's presidential nomination. This positions her as the likely candidate from the Democratic Party to compete against the Republican nominee, Donald Trump.
While it seemed the Democrats were nearing the end of their journey and with Biden's withdrawal it was expected that the road would be clear for the Republicans, Harris's candidacy has created new challenges for the crypto market.
It is now difficult to predict whether Trump will win the upcoming US election, as Harris could secure the votes of African Americans and women. Additionally, it seems some people who did not want to choose between Trump and Biden now have a new candidate to vote for.
With all these issues, it seems the crypto market has lost the excitement of Trump's potential presidency and is pricing current events with a sense of confusion!
Technical Analysis of Bitcoin
Bitcoin, after reaching $68,500 and creating a double top at this level, has returned to $66,500.
The presence of negative divergence and the uncertainty of Trump's victory due to Harris's nomination by the Democrats are market risks, while the launch of Ethereum ETFs is a positive market event today.
Losing $66,500 could lead to further decline to $63,800 and $62,500.
Kamala Harris, with the support of 68% of Democrats, is closer to competing against Trump.
The Vice President of the United States, Kamala Harris, has surpassed the necessary support threshold to secure the Democratic Party's presidential nomination. This positions her as the likely candidate from the Democratic Party to compete against the Republican nominee, Donald Trump.
While it seemed the Democrats were nearing the end of their journey and with Biden's withdrawal it was expected that the road would be clear for the Republicans, Harris's candidacy has created new challenges for the crypto market.
It is now difficult to predict whether Trump will win the upcoming US election, as Harris could secure the votes of African Americans and women. Additionally, it seems some people who did not want to choose between Trump and Biden now have a new candidate to vote for.
With all these issues, it seems the crypto market has lost the excitement of Trump's potential presidency and is pricing current events with a sense of confusion!
Technical Analysis of Bitcoin
Bitcoin, after reaching $68,500 and creating a double top at this level, has returned to $66,500.
The presence of negative divergence and the uncertainty of Trump's victory due to Harris's nomination by the Democrats are market risks, while the launch of Ethereum ETFs is a positive market event today.
Losing $66,500 could lead to further decline to $63,800 and $62,500.
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