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Edouard Hindi, chief investment officer of Tyr Capital, said that the bitcoin price could rise sharply before the US election on November 5, but after the election results are announced, there may be selling pressure due to profit-taking. Regardless of the election results, BTC is likely to regain momentum in the medium term and reach a new high in 2024.
On September 6th, Ed Hindi, Chief Investment Officer of Tyr Capital, said in an interview with Cointelegraph that although historically, September is usually a down month for BTC, the combination of Federal Reserve rate cuts and the relatively strong U.S. economy may surprise bears. It believes that the probability of BTC stabilizing above $60,000 this month is higher than the probability of below $60,000.
