Bitcoin (BTC) faces a price drop, hovering around $68,000 as the US awaits election results. Analysts predict potential support levels at $66,600 and $63,000 if BTC fails to surpass $68,000. Despite challenges, a bullish outlook remains, with potential for a retest of previous highs. Analysts like Ali Martinez and Miles Deutscher predict a trajectory toward $100,000, regardless of election outcomes. Trump’s support for the crypto industry suggests a positive future for Bitcoin, with potential price targets of $200,000 to $300,000 if he wins. However, Kamala Harris’s stance on crypto remains uncertain. Polymarket predicts Trump’s victory, while traditional polls show a tight race.
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