Bitcoin Poised for Explosive Surge Post-Election, Predict Traders

Bitcoin Traders Anticipate Major Rally Post-Election

The cryptocurrency market is abuzz with predictions of a significant rally for Bitcoin, especially following the anticipated Trump vs. Harris election showdown. According to MarketWatch, traders are expecting limited volatility around the U.S. presidential election on November 5 but foresee a year-end surge that could propel Bitcoin's value up to $100,000. Currently trading at approximately $65,705, Bitcoin has already seen an impressive rise this year and remains just shy of its record high from March.

Crypto Price Analysis: A Strong Start to the Week

This week began positively for major cryptocurrencies as reported by CryptoDaily. Bitcoin (BTC) saw a weekend bounce after briefly dipping below $60,000 and now trades near $64,500 with potential buyers eyeing further gains towards $70,000 if momentum continues past resistance levels like the 20-day SMA. Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Polkadot (DOT), and Injective Protocol (INJ) also experienced upward trends in their prices amid cooling inflation fears globally.

Bitfinex Report Highlights Potential Upside for BTC

A recent report from Bitfinex suggests that despite previous setbacks last week when Bitcoin fell under pressure due to spot selling activities primarily on Coinbase exchanges—where it dipped below critical support—the digital currency shows resilience poised for more upside movements beyond breaking through key thresholds such as those identified around short-term holder realized price zones ($63k). According to CryptoSlate’s coverage of these developments, should current bullish sentiments hold steady without widespread panic sell-offs occurring again soon enough, there might be room yet still left open toward reaching higher grounds, potentially surpassing new all-time highs altogether!

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