Trading Bitcoin During The 2024 Election: Here's What You Should Know
Portfolio Pulse from Murtuza Merchant
Bitcoin is trading near $70,450 as traders anticipate market swings linked to the 2024 U.S. election. Analysts predict increased volatility, with potential price targets ranging from $76,000 to $125,000 depending on election outcomes. Institutional adoption and policy shifts are expected to support Bitcoin's upward trend post-election.
October 31, 2024 | 4:09 pm
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Bitcoin is trading near $70,450 with potential volatility due to the upcoming U.S. election. Analysts predict price targets ranging from $76,000 to $125,000, influenced by election outcomes and institutional adoption.
Bitcoin's price is closely tied to market sentiment and macroeconomic events like the U.S. election. Analysts predict increased volatility and potential price movements based on election outcomes. Institutional adoption and policy shifts are expected to support Bitcoin's price, making it likely to trend upwards in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100