The election is approaching, where will Bitcoin go?
Now that the U.S. election is approaching, this event has been making a lot of noise recently. If Trump is elected as expected, cryptocurrency will likely continue to rise in its current trend, with a conservative estimate of 80,000.
The trend is using time to exchange for space, BTC is slowly moving upwards, altcoins are also brewing new playstyles, waiting for news of BTC surging to flood the market, and altcoins will gradually emerge to create wealth effects.
However, if Harris is elected, there may be a significant drop, and Bitcoin will likely retest the 60,000 support level. Altcoins might also revisit previous price levels, and the period of stagnation could last for 2-3 weeks.
Because after 2-3 weeks, the next Federal Reserve interest rate decision will arrive, which might lead to an unexpectedly large rate cut, quickly pulling the market back up. People will start shouting that the bull market is back, but by this time, many may have already lost their holdings.
The election has entered the countdown phase; ultimately, regardless of who becomes president, the bull market trend will not change, and the bull market cycle will continue. As speculators in the crypto space, we naturally support the victory of the 'Understanding King', as he and Musk are clearly more friendly towards cryptocurrency!
November has arrived, and interest rates will continue to be cut this month. Once the first rate cut begins, it will keep declining until it reaches a reasonable value and then stabilize. Rate cuts + ETFs, lower interest rates + massive capital inflows will start an upward spiral; all we need to do is hold patiently!
On the day of the election, 80,000 is imminent and unstoppable!
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