{"id":654215,"date":"2024-11-22T03:00:10","date_gmt":"2024-11-22T03:00:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654215"},"modified":"2024-11-21T12:29:44","modified_gmt":"2024-11-21T12:29:44","slug":"bitcoin-price-ath-cross-139000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-ath-cross-139000\/","title":{"rendered":"Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles"},"content":{"rendered":"<p><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-surge-crash-price\/\"><span style=\"font-weight: 400\">Crypto analyst TechDev<\/span><\/a><span style=\"font-weight: 400\"> has predicted that the Bitcoin price could rally to as high as $139,000 in this market cycle. The analyst made this prediction based on previous election cycles, which were also bullish for the flagship crypto.\u00a0<\/span><\/p>\n<h2>Bitcoin Price To Reach $139,000 Based On Previous Election Cycles<\/h2>\n<p><span style=\"font-weight: 400\">In an X post, TechDev predicted that the Bitcoin price could reach $139,000 in this bull run based on previous <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-industry-emerges-2024-political-contribution\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">election cycles<\/span><\/a><span style=\"font-weight: 400\">. In 2012, the Bitcoin price was $10 on election day, and a year later, BTC witnessed a 22.7x increase as it rallied to $245. In 2016, Bitcoin was $710 on election day and then recorded a 10.12x increase as it rallied to $7,200.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/4000-solana-price-possible\/\">$4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern<\/a><\/div>\n<p><span style=\"font-weight: 400\">Meanwhile, in 2020, the Bitcoin price was at $13,588 on election day. Then, it witnessed a 4.51x increase and rallied to $61,300 a year later. The analyst highlighted a pattern whereby Bitcoin\u2019s price replicates its increase from the previous cycle plus an additional 44.5% surge, which led to Bitcoin\u2019s price a year after the US elections.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on this, TechDev noted that the BTC price could reach $139,000 if it replicates its 4.51x increase from the previous cycle plus an additional 44.5% surge. Bitcoin was trading at $69,400 on the day of the <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-influence-on-2024-us-presidential-election-bigger-than-expected-survey-finds\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">US presidential elections<\/span><\/a><span style=\"font-weight: 400\"> earlier this month.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-presidential-elections\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">US presidential elections<\/span><\/a><span style=\"font-weight: 400\"> have historically been bullish for the BTC price as the flagship crypto always hits new highs after every election cycle. It is also worth mentioning that Bitcoin never dropped below its price on election day. Moreover, this election cycle looks more bullish than others, considering the US now has its first-ever pro-crypto president.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Bitcoin price has reacted positively to <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-donald-trump\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Donald Trump\u2019s victory<\/span><\/a><span style=\"font-weight: 400\">, continuing to pump since Trump defeated Kamala Harris. The flagship crypto is now eyeing the $100,000 milestone, having surged over 37% since the start of this month.\u00a0<\/span><\/p>\n<h2>What Happens Next When BTC Hits The $100,000 Milestone<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-parabolic-23-36\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Ali Martinez<\/span><\/a><span style=\"font-weight: 400\"> has provided insights into what could happen next after the BTC price hits the $100,000 milestone. In an <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/92538180\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\">, the analyst said that Bitcoin\u2019s price action looks like it did in December 2020. He added that the Relative Strength Index is also nearly identical to the one in December 2020.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-test-of-0-786\/\">Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next?<\/a><\/div>\n<figure id=\"attachment_654228\" aria-describedby=\"caption-attachment-654228\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-654228\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-5.png?w=460&#038;resize=460%2C451\" alt=\"Bitcoin price\" width=\"460\" height=\"451\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-5.png?w=512 512w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-5.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-5.png?w=46 46w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Bitcoin-price-5.png?w=75 75w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-654228\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">If Bitcoin is to replicate the price action from that period, Martinez predicts that the Bitcoin price will rally to $108,000 after it <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-breaks-above-90000-td-sequential-says-100000-price-before-weekend\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">hits $100,000<\/span><\/a><span style=\"font-weight: 400\"> and then drop to $99,000 before it continues its uptrend and further rally to $135,000. Coincidentally, this comes close to TechDev\u2019s target of $139,000 for Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, the Bitcoin price is trading at around $97,000, up over 5% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/CS8ifOIj\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">BTC price above $97,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst TechDev has predicted that the Bitcoin price could rally to as high as $139,000 in this market cycle. The analyst made this prediction based on previous election cycles, which were also bullish for the flagship crypto.\u00a0 Bitcoin Price To Reach $139,000 Based On Previous Election Cycles In an X post, TechDev predicted that the Bitcoin price could reach $139,000 in this bull run based on previous election cycles. In 2012, the Bitcoin price was $10 on election day, and a year later, BTC witnessed a 22.7x increase as it rallied to $245. In 2016, Bitcoin was $710 on election day and then recorded a 10.12x increase as it rallied to $7,200.\u00a0 Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern Meanwhile, in 2020, the Bitcoin price was at $13,588 on election day. Then, it witnessed a 4.51x increase and rallied to $61,300 a year later. The analyst highlighted a pattern whereby Bitcoin\u2019s price replicates its increase from the previous cycle plus an additional 44.5% surge, which led to Bitcoin\u2019s price a year after the US elections.\u00a0 Based on this, TechDev noted that the BTC price could reach $139,000 if it replicates its 4.51x increase from the previous cycle plus an additional 44.5% surge. Bitcoin was trading at $69,400 on the day of the US presidential elections earlier this month.\u00a0 The US presidential elections have historically been bullish for the BTC price as the flagship crypto always hits new highs after every election cycle. It is also worth mentioning that Bitcoin never dropped below its price on election day. Moreover, this election cycle looks more bullish than others, considering the US now has its first-ever pro-crypto president.\u00a0 The Bitcoin price has reacted positively to Donald Trump\u2019s victory, continuing to pump since Trump defeated Kamala Harris. The flagship crypto is now eyeing the $100,000 milestone, having surged over 37% since the start of this month.\u00a0 What Happens Next When BTC Hits The $100,000 Milestone Crypto analyst Ali Martinez has provided insights into what could happen next after the BTC price hits the $100,000 milestone. In an X post, the analyst said that Bitcoin\u2019s price action looks like it did in December 2020. He added that the Relative Strength Index is also nearly identical to the one in December 2020.\u00a0 Related Reading: Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next? If Bitcoin is to replicate the price action from that period, Martinez predicts that the Bitcoin price will rally to $108,000 after it hits $100,000 and then drop to $99,000 before it continues its uptrend and further rally to $135,000. Coincidentally, this comes close to TechDev\u2019s target of $139,000 for Bitcoin.\u00a0 At the time of writing, the Bitcoin price is trading at around $97,000, up over 5% in the last 24 hours, according to data from CoinMarketCap.\u00a0 &nbsp; Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":650639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-654215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles<\/title>\n<meta name=\"description\" content=\"Crypto analyst TechDev has predicted that the Bitcoin price could rally to as high as $139,000 in this market cycle.\" \/>\n<meta name=\"robots\" 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