🚀 Analysts Predict Hot Days for Bitcoin! 🚀
Bitcoin May Show Significant Growth Ahead of US Presidential Elections, But Experts Warn: Be Prepared for a Possible Correction After November 5th. 📉
🔹 Edward Hindi, Investment Director at Tyr Capital, notes that profit taking could put pressure on BTC. However, if Bitcoin falls below $60,000, it will attract buyers willing to support the price. 🛑
🔹 Ryan Lee from Bitget Research adds that BTC growth is influenced by the expected 25 basis point cut in the Fed rate to 4.5-4.75% on November 7th. Important: Two days between the election and the Fed decision create additional tension! 📆
🔹 The Microsoft Factor: The company's board of directors will vote on investing in Bitcoin in early December. A positive decision could push the price up, while a rejection could cool the market's interest. 🏦
🤑 Growth potential: BTC could reach $75,000 next week, while Ethereum could reach $3,200.
Bitcoin is currently trading at around $71,180, up 4.9% in 24 hours, and the forecasts look promising!