Analysis: Bitcoin will fluctuate at least 10% "up or down" depending on the results of the US election

Anonymous trader Daan Crypto Trades wrote on X that the price of Bitcoin could fluctuate by at least 10%, depending on which U.S. presidential candidate wins the election on November 5. IG Markets analyst Tony Sycamore wrote in a November 4 investment report that Bitcoin needs to "continue to break through" the $74,000 resistance level to confirm the upward trend and may rise sharply to $80,000. Sycamore also warned that traders should proceed with caution, and BTC's "continued decline" below the $65,000 support level would indicate that last week's rebound failed and could return to the seven-month downward trend channel. (Cointelegraph)