Bitcoin faces volatility amid U.S. election week, with the potential for a surge to $100,000 post-election.

Bitcoin declined over the weekend after nearing its all-time high, prompting some short-term traders to secure profits. The pullback brought the price down to nearly $67,000, yet market analysts remain confident in its longer-term trajectory.

Notably, on-chain insights provider Spot On Chain indicated that the market might be entering its most volatile week, fueled by the upcoming U.S. presidential election and the Federal Open Market Committee (FOMC) meeting. Spot On Chain emphasized that historically, significant gains often follow U.S. elections. This trend suggests that regardless of whether Donald Trump or Kamala Harris secures the presidency, Bitcoin could maintain its upward trajectory, potentially reaching $100,000 by year-end. 

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