Bitcoin to move 10% ‘either direction’ depending on US election: Trader
Crypto investors should prepare for even more volatility around the US election, with “at least” a 10% move foreseen for Bitcoin.
The price of Bitcoin could swing at least 10% depending on which United States presidential candidate wins the election on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months.
In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s (BTC) weekly close didn’t look “the cleanest” but this wouldn’t matter too much with the election looming.
He said there was a good possibility Bitcoin will see “at least a 10% move in either direction depending on who wins the election.
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Author: Tom Mitchelhill
