Bitcoin breaks through $71000 and strives to reach its previous high! Analysts warn of potential sell-off after election
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:新股)
- ·火币网分叉
- ·元界手机钱包-元界钱包下载
- ·数字加密货币是什么 数字加密货币是什么意思啊
- ·火币刷合约
- ·「避税天堂」瑞士的加密资产税收与监管制度
- ·比特币apk官网版v7.1.6下载2023-芝麻交易所比特币交易所最新版下载
- ·捷信分期严重逾期后果是什么?我已经产生严重逾期行为了。
- ·币火币
- ·以太坊币钱包下载
- ·找角度、玩阴谋,疯狂以太MEME周,炒到最后谁是赢家?
- ·Kraken 获得 MiFID 牌照,进军欧洲衍生品市场
- ·涨停揭秘 | 申华控股6连板涨停,封板资金5977.46万元
- ·遭遇第二次枪击后,特朗普依然坚持为家族加密项目站台开场
- ·博济医药(300404.SZ):目前公司暂无抗衰老的药物研究项目
- ·达利欧:美联储处境艰难,不应当降息,警告「不合适的降息」后果
- ·火币网国际交易平台
- · okx网页版
- · 欧亿app官网正式版下载
- · okb交易所官网
- · OK交易所官网入口登录
- · 虚拟货币交易平台有哪些
- · 虚拟货币交易平台排名
- · 数字货币交易平台app
- · 亿欧交易所下载
- · 亿欧app下载
- · okx交易所app官网链接
- ·SEC指控Unicoin及其高管涉嫌1.1亿美元加密货币欺诈
- ·ZCL什么价格
- ·医药消费股票-医药消费股票有哪些
- ·【币圈看盘软件】top10泰达币usdt交易所排名
- ·The Federal Reserve cuts interest rates by two codes in one go! Powell emphasizes that the economy is not in recession, it is just being 'recalibrated'
- ·山钢股份三季度经营态势稳中有进 吨钢利润分位值实现逐季提升
- ·以太坊年初价格
- ·管理费用结转到哪个科目
- ·CryptoQuant: Bitcoin exchange deposit addresses reach multi-year low, indicating possible easing of selling pressure
- ·明天什么天气什么风