Crypto investors should prepare for heightened volatility surrounding the US election, as analysts foresee a potential 10% swing for Bitcoin. The price of Bitcoin is currently at $68,682, with recent data showing increased volatility leading up to the election.
In a post by trader Daan Crypto Trades, it was suggested that the election outcome could lead to a significant move in Bitcoin’s price, with a possible shift of at least 10% in either direction. Analysts are closely monitoring Bitcoin’s performance, noting the importance of key levels such as $74,000 for a potential uptrend towards $80,000.
The broader sentiment towards Bitcoin remains optimistic leading up to the election, with expectations of positive market movements regardless of the winning candidate. Trump’s pro-crypto stance has been viewed favorably in the short term, while Harris has shown interest in fostering innovation in AI and digital assets.
