“Bitcoin to break records before US elections”

Standard Chartered Global Head of Digital Assets Research Geoff Kendrick made striking statements for the leading crypto Bitcoin.

Bullish signals have begun to come for Bitcoin (BTC), which has gained approximately 10 percent since October 10. Approaching the $66,000 resistance with the purchasing power it received from the $60,000 support, BTC has opened the doors to a new upward cycle in the crypto market. Analysts have begun to express their views that the rise will continue.

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

Geoff Kendrick claimed that the Bitcoin (BTC) price will 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 executives of Standard Chartered, stated that BTC will reach an all-time high (ATH) before the elections and touch approximately $73,800.

The research expert stated that the BTC price will be shaped by the break in the US Treasury yield curve and positive interest in spot ETFs. Trump, who said that he would make Bitcoin a strategic reserve if he wins, also shaped bullish expectations.

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

“Combined factors for Bitcoin indicate that an increase towards the all-time high of $73,800 is likely.”

Kendrick commented on the macroeconomic data triggered by the US CPI data that came above expectations. Observing that the data in question reflected positively on the crypto market, Kendrick drew attention to the increasing market volatility and potential interest rate cuts.

The manager of the banking giant evaluated positively that Trump’s probability of winning exceeded 55 percent on the prediction platform Polymarket.

#CryptoDeNostradame #ParrotBambooCrypto