Bitcoin plummets to $60,000! Bernstein warns: Kamala Harris' victory may trigger BTC to retest the $40,000 support level!

Bernstein analysts point out that although Bitcoin is bullish in the long term, the results of the US election will influence the trend of the cryptocurrency market in the short term. If Trump wins, Bitcoin is expected to soar to $80,000 to $90,000; if Kamala Harris wins, Bitcoin may suffer a heavy blow, falling to and testing the $40,000 support level! The market is changing, and investors need to pay close attention to the election dynamics!

The highly anticipated US election has entered the countdown to the last month! Analysts at Bernstein, a top Wall Street investment bank, recently reiterated that regardless of the election results, in the long run, Bitcoin will continue to develop in the context of low interest rates, continued fiscal deficit policies and unprecedented high debt levels. The future is full of hope, and investors should not miss it! Kamala Harris' victory may cause Bitcoin to retest to $40,000! Bernstein analysts pointed out that if Democratic candidate Kamala Harris ultimately wins, the market may suffer a heavy blow in the short term, and Bitcoin is expected to test the $40,000 support level again. Relatively speaking, if former US President Trump wins the election, it will greatly boost the trend of Bitcoin, and may even push BTC to soar to $80,000 to $90,000. Bernstein said: "Trump's victory will have a positive impact on Bitcoin and the entire cryptocurrency market, and Bitcoin is expected to hit a new record high!" Investors need to pay close attention to the upcoming election! Altcoins will continue to fluctuate before the election! Bernstein analysts expect that a series of altcoins, including ETH and SOL, will maintain range fluctuations regardless of the election results. This is because the rise of altcoins also depends on clearer guidance from the US SEC and the White House on crypto regulation. At the same time, Bitcoin has performed poorly recently. It briefly touched $62,411 last night and then quickly fell. It fell to $60,302 near five o'clock this morning. At the time of writing, Bitcoin was quoted at $60,685, down 2.73% in the past 24 hours. Whether it can stand firm at the key level of $60,000 still needs time to observe! Trump's winning rate soared to 53.2%! According to the latest data from the popular prediction market Polymarket, the market's betting on Trump's victory has opened up a gap with Harris.