Slobodan Drvenica
Windsor Brokers
Bitcoin was the top winner in post-US election trading on Wednesday, advancing 9% in immediate reaction to Trump’s election victory.
Strong rally spiked to new record high (75411), before partial profit taking pushed the price to 72700, the bottom of consolidation range.
Larger bulls remain firmly in play as bitcoin received strong boost from Trump’s victory, as he was very supportive for the crypto market in his campaign.
Return above 74K zone (psychological / bull channel upper borderline) suggests that near term corrective phase is close to its end.
Close above channel resistance trendline to further strengthen bullish structure, as positive momentum remains strong, and MA’s are in full bullish configuration.
Broken channel resistance line (73900) reverted to initial support, followed by upper 20-d Bollinger band (72930) and consolidation range floor (72700), guarding key support and lower breakpoint at 70K (psychological).
Violation of recent record high to expose immediate targets at 76231; 77847 and 77850 (Fibo projection) ahead of round-figure 80K barrier.
Res: 75411; 76231; 77847; 77850
Sup: 73900; 72930; 72700; 72000
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
XRP Price Prediction: Bearish technicals, on-chain indicators signal 68% potential crash
XRP faces increasing bearish sentiment from macro, micro and fundamental factors in April. Weak on-chain indicators ranging from network growth, total supply and active addresses reinforce an impending crash.
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto markets
Bitcoin price hovers around $83,000 on Thursday after it failed to close above the $85,000 resistance level the previous day. Volatility fueled by Trump’s tariffs swept $200 billion from total market capitalization, liquidating over $178 million in BTC.
SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEX
Solana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain.
Shibarium, built for the Shiba Inu blockchain, reaches 1 billion in transactions in 18 months after its launch
Shibarium, a Layer-2 blockchain for the Shiba Inu ecosystem, reaches 1 billion transactions 18 months after its launch. This milestone reflects growing adoption and Shibarium’s robust performance.
Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.