Analysts at Bitfinex said the likelihood of Trump winning the presidential election, combined with historically bullish market conditions, could be a "perfect storm" of price action that could push bitcoin to all-time highs next month.
"The confluence of election uncertainty, the Trump trade narrative, and favorable fourth-quarter seasonality has created a perfect storm for Bitcoin, and whatever the price moves ahead of the election in two weeks' time, there will be an exciting period ahead."
Analysts say that while bitcoin has seen huge volatility due to geopolitical turmoil in the Middle East and other macroeconomic issues in the United States, expectations that Trump could win the November 5 election have caused its price to rebound sharply. (Cointelegraph)
Bitfinex analyst: Bitcoin is headed for a "perfect storm", expected to hit a record high in November
2024-10-29 04:43:21
Bitfinex analysts analysts tron general win president general election likelihooddesk3cryptocurrencydesktopCrypto News
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