#USElections2024Countdown Bitcoin's next move is highly anticipated, and experts are weighing in with their predictions. According to FXStreet, Bitcoin's price could hit a new all-time high of $78,900 in the short term, despite a 2% decline this week ¹. This optimism is fueled by the bounce from a key technical level on the weekly chart and the inflow of $596 million into US spot Bitcoin ETFs until Thursday

The upcoming US presidential election is also expected to impact Bitcoin's price, with some experts predicting increased volatility The outcome of the election could shape the future of the crypto industry, making it a crucial factor to watch

Key Factors Influencing Bitcoin's Price

US Presidential Election The outcome could impact the crypto industry and Bitcoin's price

Technical Levels The bounce from a key technical level on the weekly chart signals a potential new all-time high

Institutional Investment Inflows into US spot Bitcoin ETFs could indicate growing institutional interest

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