Analysts say Bitcoin is ready to test new highs after the US elections conclude, but $70,000 needs to hold as support first.
Bitcoin is on track for a post-election breakout according to analysts and historical chart patterns, but the most immediate hurdle is to trade above $70,200.
Bitcoin (BTC) price could be set for a rally following the 2024 presidential elections in the United States.
Based on the previous years, Bitcoin price saw a breakout after the US presidential elections in 2020, 2016 and 2012, according to a chart shared by Bitcoin trader Mr. Anderson, in a Nov. 4 X post:
