Bitcoin (BTC) is losing momentum due to the US election and could face selling pressure in the coming weeks, according to Katie Stockton, founder of Fairlead Strategies. This could lead to a drop of more than 10% from the current price, she said. "If it breaks below $84,500, the next major support is at $73,800," she added, noting that Bitcoin recently fell below its 50-day moving average, indicating a potential correction.

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