The price of Bitcoin (BTC) may rise to new highs soon, but there is a catch.

TL; DR

Bitcoin recently rose to $68,000, with analysts predicting a rise to $86,000-$90,000 if some resistance is broken. Some believe that if Donald Trump wins the upcoming US election, BTC could reach $100,000.

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How high can BTC go?

Bitcoin (BTC) has been on a tear lately with its price. Tapping A 10-week high near $68,000 on Oct. 15. In the following hours, it experienced improved volatility to stabilize at the current $67,700 (per CoinGecko data).

The dramatic resurgence has caught the eye of many industry insiders, some of whom have claimed that “Uptober” is finally here. one Famous The featured analyst is X user Ali Martinez.

He He believes. If BTC breaks the $67,400 resistance mark, it could explode to a new all-time high around $86,600. As mentioned above, the value of the property will move above the current level.

Captain Fibic is another analyst and the X user presented a price chart where BTC is currently testing the sixth “critical resistance” at $68,000.

“If Bitcoin successfully breaks out of the broad wedge, the target will be around 88K-90K,” the analyst said. He said he deserved it..

More Will it increase next month?

Many market observers think that November can as well Donald Trump has won the US presidential election (scheduled for November 5th) so it should be a very successful month for BTC. A prominent X user who believes the asset valuation will reach the required $100,000 is Crypto Rover.

If Trump wins, #Bitcoin will reach $100,000! pic.twitter.com/HKo2HTQ0U9

— Crypto Rover (@rovercrc) October 16, 2024

Keep in mind that Trump has been making changes over the past several months, presenting himself as the right choice for pro-crypto voters and promising the industry to prosper if he wins the White House.

basis To Polymarket, it has about 60% chance. to get out The winner is 40.8% for him Democratic Party Opponent – Kamala Harris. National electionseven if indicate that. The Republican is currently at a low of 46.1%, while Harris gathers the support of 48.5% of voters.