Is Bitcoin Breaking Out?

After the Bitcoin 2024 conference in Nashville this past weekend, Bitcoin is pushing towards the all time high above $70k. The only problem is that this is not happening on increased volume. It is still better to wait for confimation.

Trump also held a keynote speech in Nashville. He promised, if elected, to end the SEC crusade against crypto by firing SEC Chairman Gary Gensler on day one, no CBDC during his term and a US Government Bitcoin strategic reserve.

Wants to make the US a BTC superpower

Meanwhile Elon Musk tweeted a Kamala Harris ad. The background music in the Youtube video is a bit annoying.

The situation remains interesting. So does the price of Bitcoin during the month of August 2024.

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