CoinVoice has learned that analysts at research and brokerage firm Bernstein said that after rising 5% on Monday, Bitcoin has risen about 14% in October to over $65,000. This is driven by the correlation with the rising odds of Donald Trump's election. MicroStrategy is a leading indicator of a potential bullish breakout.
Gautam Chhugani, Mahika Sapra and Sanskar Chindalia analyzed: "We believe that the recent strength of Bitcoin is due to the return of the correlation between Bitcoin and Trump's election odds. Although both parties have expressed support for digital assets, the crypto market has a stronger bid due to Trump's improved odds in the election prediction market." [Original link]
