Bitcoin (BTC) Price Analysis: Tesla Wallet Moves Unphazed as ETF Inflows Surge…

Trump vs. Harris: Betting Odds vs. Polls

The betting platform Polymarket gives Trump a 59.7% chance of winning the election. Recently, Polymarket hit the news after reports of BTC whales skewing the odds. Meanwhile, FiveThirtyEight‘s polls show Vice President Kamala Harris leading Trump, with Harris at 48.4% compared to Trump’s 46.3%.

Elon Musk recently remarked on Polymarket’s odds, stating,

“Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line.”

Outlook: Keep a Close Eye on Election and ETF Trends

Investors should remain alert as the US Presidential Election nears. Betting odds, the polls, and US BTC-spot ETF market flows could affect BTC price trends. Stay updated with our real-time BTC analysis for further insights on managing potential risks.

Technical Analysis

Bitcoin Analysis

BTC sits comfortably above the 50-day and 200-day EMAs, affirming bullish price signals.

A break above the $69,000 resistance level could support a return to $70,000. Furthermore, a breakout from $70,000 may allow the bulls to target BTC’s all-time high of $73,808.

Investors should consider sentiment toward the Fed rate path, the US Presidential Election, and US BTC-spot ETF market flow trends.

Conversely, a break below $67,500 could suggest a drop toward $65,000. A fall through $65,000 would bring the $64,000 support level into play.

With a 68.47 14-day RSI reading, BTC could break above the $69,000 resistance level before entering overbought territory.