Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, made statements about the leading crypto Bitcoin.

Bitcoin ($BTC ), which has gained about 10 percent since October 10, has started to turn bullish. Approaching the $ 66,000 resistance with the purchasing power it received from the $ 60,000 support, #BTC opened the doors for a new rise in crypto assets. Analysts began to express their views that the rise will continue.

Geoff Kendrick, one of the managers of banking giant Standard Chartered, stated that BTC gained strong momentum and could reach 73,800 before the #US presidential elections.

Geoff Kendrick, who said that the banking giant's Bitcoin prediction created excitement, claimed that the Bitcoin (BTC) price would continue to rise until the US elections. Kendrick cited the increasing probability of US presidential candidate Donald Trump winning as well as the money inflows in spot Bitcoin ETFs.

Kendrick, one of the managers of Standard Chartered, stated that BTC will reach an all-time high dump (ATH) before the elections and that approximately 73,800 people can touch it.

The research expert stated that the BTC price will be shaped by the break in the US Treasury return curve and the positive interest in spot ETFs. Trump, who said that if it wins, creating Bitcoin will be made a reserve, also shaped bullish expectations.

The following statements were included in the note published on Tuesday;

"Combined factors for Bitcoin indicate that a correct rise to the all-time high of 73,800 is possible." Kendrick commented on the macroeconomic data triggered by the US CPI data that came above estimates. Observing that the money in question reflected positively in the crypto market, Kendrick drew attention to the playability and potential interest rate cut in the increasing market.

The manager of the banking giant evaluated the probability of Trump winning positively at 55 percent on the prediction platform Polymarket. According to Kendrick, the BTC bull could intensify in the scenario where Trump wins and leaves the Republican party in power.

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