Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election
As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year. While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours. Bitcoin Price Expected To Swing 8% Post-Election The options market indicates the Bitcoin price could see price swings of approximately 8% in either direction following the election,....
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The US election is fast approaching, with voters set to cast the final votes in the next 48 hours. This election season has seen a unique focus on the crypto industry, as the two major candidates, Kamala Harris and Donald Trump, have addressed the future of digital assets as a key campaign point. Related Reading: […]
Throughout yesterday Bitcoin’s price was shivering between $430 and $440. Strengthening of the Dollar continues to pressure Bitcoin. Furthermore, after two weeks of Bitcoin growth from $380 to $458, we should now expect a price correction. US GDP data released yesterday turned out to be higher than predicted, but still were lower than in the previous period (actual 2.0%, forecasted 1.9%, but previous 2.1%). Today an important block of Statistics that should highlight the main index for personal consumption expenditures in November (forecasts 0.1% against previous 0.0%) will be published in....
Last week was the first down week for bitcoin in awhile, although we can’t say it wasn’t expected considering the technicals had been telegraphing a correction since we broke up through $700. Now price is hovering around that $700 level on what we think are pre-election nerves. Last week was quite interesting from a price action perspective given that we reached a high of $745 before breaking near term market structure thus allowing the bears to get active. Additionally, rumors swirled about China cracking down on bitcoin capital outflows, a still unconfirmed theory, which combined with a....
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around $388 billion, which is a giant jump from where it was during the last U.S. election in 2016. For instance, during the 2016 presidential race, the price of bitcoin (BTC) was around $709. Since then the crypto-asset BTC has....
The stress related to the United States Presidential election has triggered a wave of FOMO buying in Bitcoin, picking up in steam even more the longer the outcome of the election lingers on. With more than 48 hours already passed since polls began to close, how long could this go on for, and how will […]