Bitcoin Weekly Outlook: All Eyes on US Election, Stimulus, Tech Earnings

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Bitcoin market sentiment fared an extremely bullish setting last week as traders/investors assessed the foray of big firms into the digital currency sector, including PayPal. The BTC/USD exchange rate began the 7-day timeframe with a decent jump – and it spent the rest of the time trading upward. That was despite the uncertainty surrounding the next US fiscal stimulus and the presidential election on November 3. Bitcoin remained the best-performing safe-haven asset after closing the week about 13 percent higher. Another Good Start for Bitcoin Opening Monday, BTC/USD rose 0.5 percent to trade further above $13,000, a psychological support level that traders believe will provide a firm footing for the next bull run. Bitcoin starts the new week in green. Source: BTCUSD on TradingView.com The fundamentals are so far supporting the rosy technical picture. This week is looking to be a busy one, with the US election and fiscal stimulus…

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