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Currently, Bitcoin $BTC is around $68,341, registering a slight increase of 0.7% in the last few hours. With the approach of the US elections and expectations for future economic policies, the cryptocurrency market, including Bitcoin, is experiencing high volatility. Analysts point out that, depending on the electoral scenario, Bitcoin can react significantly. A scenario of political uncertainty usually increases the search for inflation-protection assets, such as Bitcoin itself, due to its limited supply.

In addition, traders are paying attention to support and resistance levels. A veteran analyst warned that Bitcoin needs to maintain the $69,000 level for the bullish momentum to continue, while another analysis suggests that the currency could appreciate quickly if the electoral scenario increases uncertainty in traditional markets. $BTC $BNB