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Trump vs. Harris: Betting Odds vs. Polls
As the US Presidential Election approaches, investors are closely monitoring the betting odds and poll numbers between President Trump and Vice President Kamala Harris. According to the betting platform Polymarket, Trump currently has a 59.7% chance of winning the election. However, recent reports have raised concerns about BTC whales potentially influencing these odds. On the other hand, FiveThirtyEight‘s polls show Harris leading Trump, with Harris at 48.4% compared to Trump’s 46.3%.
Notable figures like Elon Musk have weighed in on Polymarket’s odds, emphasizing the importance of market sentiment. Musk stated, “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
It is crucial for investors to stay vigilant as the election draws nearer. The interplay between betting odds, polls, and US BTC-spot ETF market flows can significantly impact BTC price trends. For real-time insights on managing potential risks, make sure to follow our BTC analysis updates.
Technical Analysis
Bitcoin Analysis
Currently, BTC is trading comfortably above both the 50-day and 200-day EMAs, signaling a bullish trend in price. A potential break above the $69,000 resistance level could pave the way for a return to $70,000, with further upside targeting BTC’s all-time high of $73,808.
Investors should take into consideration factors such as sentiment towards the Fed rate path, the US Presidential Election, and trends in US BTC-spot ETF market flows. Conversely, a drop below $67,500 may indicate a decline towards $65,000, with the $64,000 support level coming into play.
With the 14-day RSI reading at 68.47, there is a possibility of BTC breaking above the $69,000 resistance level before potentially entering overbought territory.
Stay tuned for more updates and analysis on the latest trends in the stock market and cryptocurrency space on Extreme Investor Network!