Bitcoin (BTC) price may fluctuate by at least 10% depending on which US presidential candidate wins the November 5 election.
On November 4th, an anonymous trader named Daan Crypto Trades tweeted that the closing of the weekly Bitcoin price candle does not indicate a clear bullish or bearish trend, but that this matter is of little importance in light of the upcoming election.
He predicted that Bitcoin would experience “at least a 10% swing in either direction” depending on who wins the election.
Meanwhile, the Bitcoin Volatility Index hit a three-month high on Nov. 3, according to data from derivatives exchange Derebit. Bitcoin neared its all-time high last week, temporarily hitting $73,545 on October 29, but then sold off sharply amid election uncertainty.
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It is very likely that it will drop again, but no, it will not be less than 6 thousand as in March, that’s when you should buy.
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It is very likely that it will drop again, but no, it will not be less than 6 thousand as in March, that’s when you should buy.