• Bitcoin (BTC) continues to hold at $68,000 after falling from $73,000 price level. 
  • Analysts explore BTC potential in both Trump or Harris Presidential win.
  • Both analysts are certain that BTC will hit $100,000 either way.

Sentiment for a bullish Q4 seems to be holding strong despite Bitcoin’s dip to the $68,000 price level from having almost hit its previous ATH of $73,700 from $73,400. Bitcoin has yet to rally to reclaim and beat its previous ATH price but continues to hold strong at the $68,000 price level. 

Bitcoin and the US Presidential Election

A number of seasoned and reputed analysts expect BTC price to reach between $100,000 and $150,000 by the end of Q4 2024 and go on to hit much higher highs in 2025. Some analysts expect BTC price to hit $220,000 to $550,000 by the peak of the crypto bull cycle. As the sentiment builds, the US Presidential elections take the spotlight. 

While some believe only Trump winning the election will lead to a bull run, many expect a bull run to occur no matter a Trump or a Harris victory. As we can see from the post above, this analyst says that if Harris were to win, the crypto market would still perform well from a macro perspective. 

If Kamala wins, I still think crypto performs well from a macro POV.

Global liquidity/macro easing conditions are ultimately more important.

However, I do think it sets the timeline back 2-3 months and likely results in $BTC outperformance until at least until 2025.

— Miles Deutscher (@milesdeutscher) November 4, 2024

In detail, he says that global liquidity and macro-easing conditions are ultimately the most important factors. However, the analyst goes on to say that it is likely that in the case of Harris’s victory the bull run timeline could be set back by 2-3 months. This would mean that Bitcoin will outperform until at least until 2025.

Read CRYPTONEWSLAND on google news

Bitcoin Primed for $100,000 Despite Trump or Harris Win

https://x.com/EmperorBTC/status/1853132526652711055

Adding on, another popular analyst agrees with this outlook. As explained in the post above, he says that if Trump wins , the crypto market will accumulate and Bitcoin will range and pump to $100,000. If Harris wins , the crypto market may dump a little then accumulate and pump to $100,000. He concludes by saying that either way, the crypto market will take the same path, just a different trajectory.

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