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Despite ‘Trump Trade’ Jitters, Analysts Say On-Chain Metrics Bullish for Bitcoin, Likely Providing ‘Tailwind for Market’

  • Bitcoin rallied 11% in October, breaking months of sideways trading, but remains volatile.
  • Market jitters tied to Trump’s potential election win impact Bitcoin, as tighter monetary policy from his pro-growth agenda could dampen enthusiasm.
  • Recent regulatory approvals and profitable positions for short-term holders have positively influenced market sentiment.
  • Analysts suggest Bitcoin is transitioning from an enthusiastic to a euphoric bull market.

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