This is what will happen after Bitcoin reaches ATH

Bittime - Bitcoin broke another record high on US Election Day. This sharp price increase was triggered by the victory of Donald Trump, who is believed to have pro-crypto policies. What happened next? Check it out in this article.

This increase in Bitcoin prices provides a breath of fresh air for investors and market observers. They hope that this trend will bring a new bullish wave in the world of digital assets. 

Many speculators and traders are now competing to take advantage of this momentum. They predict that the price of Bitcoin could continue to skyrocket until it reaches previously unimaginable levels.

Bitcoin Adoption Expands

On a broader scale, institutional adoption of Bitcoin continues to grow. A number of large companies are increasingly active in adding Bitcoin to their assets and balance sheets. 

One example is Semler Scientific, which recently announced the acquisition of Bitcoin worth $3 million (around IDR 47.1 billion) to complement its digital asset holdings. 

Moves like these further strengthen Bitcoin's position as a viable investment asset and attract the attention of more companies to consider similar moves.

Read also: Donald Trump's Pro-Crypto Campaign Promises in 2024 US Election

Clearer Regulations Encourage Mainstream Investor Interest

Regulatory uncertainty has been an obstacle for some potential investors. However, there is new hope for regulatory clarity that may emerge, especially with support from pro-crypto governments. 

Coinbase CEO Brian Armstrong expressed his excitement on social media X at the possibility of a more crypto-friendly US government. Clearer regulations will provide a sense of security for mainstream investors and large institutions who were previously hesitant to enter the crypto market.

In a trading context, Bitcoin's rise to reach a new ATH also offers a low-risk trading strategy. Historical data shows that Bitcoin price movements after ATH often experience a correction of 3-5%. 

In this context, traders can take advantage of the support level in the range of $72,000 to $73,000 (around IDR 1.13 billion to IDR 1.15 billion) to optimize profits from this bullish trend.

Bitcoin Aiming for Six-Digit Figures by the End of 2024

With the market spirit burning, many believe that Bitcoin has great potential to reach six-digit prices in the near future. Some analysts even say that a price of $100,000 (around IDR 1.57 billion) is not something that is impossible to achieve before the end of 2024. 

This expectation certainly brings great hope for those who have been investing for a long time and for those who have just entered the crypto market.

Read also: What is Bitcoin Dominance and its Impact on the Crypto Market?

In trends like this, it is important for investors and traders to remain careful. Even though the prospect of price increases looks promising, the crypto market always has high volatility which can reverse in a short time. Risk management strategies remain the key to making wise investment decisions.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.