A popular crypto analyst thinks Bitcoin is still on track to break its all-time high, even after a recent dip. He says Bitcoin is looking strong, despite hitting some resistance, and he’s betting on a big breakout.
Election Jitters
However, the analyst warns that the upcoming US presidential election could cause some short-term volatility. He believes some investors are buying Bitcoin now, betting that Donald Trump will win. Trump is seen as more crypto-friendly than his opponent, Kamala Harris.
If Trump loses, the analyst thinks Bitcoin could take a short-term dip. But he doesn’t think the election will have a major impact on Bitcoin’s long-term price.
Long-Term Outlook
The analyst believes that whoever wins the election, Bitcoin’s price will likely be about the same a year from now.
Bitcoin is currently trading at around $69,941, down about 3% in the last 24 hours.
