Bitcoin is bracing for potential price swings post-U.S. presidential election, with analysts suggesting this could boost its price. Currently, Bitcoin hovers below its previous high of $69,000, reflecting cautious market sentiment. Analysts from Bitfinex suggest that increased volatility might drive Bitcoin's value up, while a lack of it could signal deeper market issues.

A Trump victory is seen as potentially beneficial for Bitcoin, possibly sparking a rally. However, analysts believe the market will rise regardless of the election outcome, anticipating positive regulatory changes. Meanwhile, the altcoin market might face further declines, with investor interest waning, especially for smaller tokens.