Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off

The price of bitcoin may surge ahead of the U.S. elections on November 5, but analysts caution that a sell-off could occur in the days following the election results, regardless of the winner. "Profit-taking could weigh on the price of bitcoin in the days following the result announcement, yet dip buyers should maintain support strong below $60,000," Tyr Capital Chief Investment Officer Edouard Hindi told The Block.