The day of the US presidential election on November 5th is getting closer and closer, and the price of Bitcoin also saw a significant rise last night, returning to the $70000 mark after several months. However, some analysts warn that regardless of the election results, there may be a wave of selling due to profit taking in the days after the election results are announced.

After the election, there is a possibility of a decline

Tyrol Capital's Chief Investment Officer Edouard Hindi stated in an interview with The Block that:

The profit taking after the announcement of the results may lower the price of Bitcoin, but the support below $60000 should still be strong

However, Edouard Hindi added that regardless of the election results, Bitcoin may still regain momentum in the medium term and reach a new high in 2024. On the other hand, Ryan Lee, Chief Analyst of Bitget Research, also pointed out that with the arrival of the US election day, Bitcoin will experience significant growth.

Multiple factors support the potential rise of Bitcoin, especially the expected interest rate cut by the Federal Reserve. The market generally expects a 25 basis point rate cut on November 7th, bringing the interest rate down to the range of 4.5% to 4.75%, reflecting the need for adjustments to stabilize economic growth

Ryan Lee emphasized that the two-day gap between the US election and the Federal Reserve's interest rate decision could have a significant impact on the price of Bitcoin.

The direction of this impact will depend on whether a candidate who supports Bitcoin wins

Other influencing factors of Bitcoin

In addition, Ryan Lee also stated that events including the "Microsoft shareholder vote on whether to invest in Bitcoin" may continue to affect market dynamics after the election.

Microsoft has included "evaluating investments in Bitcoin" on the agenda of its 2024 annual shareholder meeting, which is expected to be held in early December. If the board of directors votes against investing in Bitcoin, it may dampen market enthusiasm and hinder Bitcoin's growth. On the contrary, if Microsoft decides to invest, it may trigger a significant upward trend in the market.

Ryan Lee predicts that the trading price of Bitcoin in the coming week may be between approximately $66000 and $75000, with a confidence level of 70%, while Ethereum may fluctuate within the range of $2350 to $3200. He also pointed out that the improvement in liquidity may increase the activity of altcoins.

(责任编辑：游戏)

• ·比克币今日价格
• ·ok交易所恢复法币-ok交易所恢复法币交易了吗
• ·女生冬天穿什么最暖和-女生冬天穿什么最暖和呢
• ·策略公司最新购入1,895枚BTC，比特币持有总量突破55.5万枚
• ·交易所平台
• ·10月31日平安安盈灵活配置混合C净值增长0.70%，近3个月累计上涨13.92%
• ·区块链是什么通俗解释
• ·10月31日博时移动互联主题混合C净值增长0.23%，近3个月累计上涨13.93%
• ·宜人贷借款手机信息审核不通过是为什么，有知道原因的吗？
• ·defi如何运作
• ·花旗集团警告经济放缓早于关税政策影响
• ·10月31日中欧睿见混合C净值增长0.13%，近3个月累计上涨12.9%
• ·虚拟货币交易平台app下载 2025虚拟币交易平台app排行
• ·10月31日南方科技创新混合A净值增长0.35%，今年来累计上涨17.44%
• ·ETH突破1900美元关口，24小时涨幅超4%
• ·保险保费会逐年上升吗？这样的标题更符合口语化疑问句形式。