Bitcoin has experienced several bull runs over the years, with one notable uptrend occurring in 2012. Financial analyst Aditya Siddhartha has linked this bull run to the United States Presidential Elections, stating that the market gained momentum after the MACD and EMA indicators provided positive signals. Similarly, in 2016 and 2020, Bitcoin experienced drops in price before the Presidential Elections, but following the elections, the price surged due to increased demand from investors and growing awareness of Bitcoin's potential. Siddhartha predicts that the MACD and EMA indicators will continue to provide positive signals, leading to increased investor confidence and demand for Bitcoin, resulting in a potential price range of $180,000-$200,000. However, at the time of writing, BTC's price has been on the decline since Saturday, currently trading at $27,700, and it remains to be seen if it will attempt another run to surpass the key level of $30,000.
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