A popular crypto analyst thinks Bitcoin could skyrocket past $100,000 after the US election.
Bitcoin’s Potential Path to Six Figures
The analyst, known as Kaleo, says Bitcoin might follow a similar pattern to last year’s end-of-year rally. He sees a potential for Bitcoin to reach new all-time highs in December, possibly closing the month around $112,000.
Kaleo’s theory is that Bitcoin will trade sideways until the election, then explode upwards once the political dust settles. He believes investors will be more confident and willing to invest in Bitcoin after the election, leading to a massive price surge.
Bitcoin’s Value Compared to Gold
Kaleo also believes the Bitcoin-to-gold ratio could break out of its current downward trend and reach new highs. This means Bitcoin could become significantly more valuable compared to gold.
Bitcoin’s Current Performance
Bitcoin is currently trading at $63,449, up 5.2% in the past week.
Important Note: This is just one analyst’s prediction. Investing in cryptocurrencies is risky, and it’s crucial to do your own research before making any investment decisions.
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