Bitcoin's price hits $70k on election optimism and positive technical signals

From Investing.com

October 28, 2024 8:22:56 pm:

Bitcoin surged to a three-month high of $70,203.4, up 3% in evening trade on Monday, fueled by optimism over a potential Republican victory in the U.S. elections. Speculation on a Trump win and positive technical signals propelled the token, with online markets and polls favoring Trump over Harris on November 5. Trump’s pro-crypto stance also contributed to the bullish sentiment. A golden cross formation in Bitcoin’s moving averages further boosted investor confidence, with the token potentially setting sights on surpassing record highs if it can maintain above $70,000.

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