Bitcoin is currently showing a recovery, as can be seen on the chart, which shows growth to $65,652.70. This dynamic is mainly due to several factors, including the anticipation of events such as the US elections and decisions on cryptocurrency regulation.
Impact of US elections on Bitcoin rate:
Political Certainty: Any political event of the magnitude of the US election creates expectations in the markets. If candidates who support innovative technologies and cryptocurrencies win, this can give a positive boost to Bitcoin.
Monetary Policy: The policy of the US Federal Reserve is also an important factor. Any signals of monetary easing or support for financial markets could stimulate further growth of Bitcoin.
Buy or fix?
The decision to buy or sell always depends on your strategy. Given the current growth, there are several options to consider:
Lock in some profits: If you have invested previously and are now in the profit zone, locking in some of your position can reduce your risks given possible post-election fluctuations.
Hold and Add: If your strategy is long-term, current levels may represent a good time to buy for the long term, given that the $65,000 level may be broken and the price will continue to rise.
The market is currently in a recovery phase, and many analysts believe that support at $60,000 could play a major role in Bitcoin's further growth.
