The impact of the ongoing US elections is already showing its effect on the world’s financial markets. As the uncertainty regarding who will become the next president of the US looms over, Bitcoin has shown a positive response to the development, rising to touch an all-time high of $75K. With the experts busy forecasting new price levels for BTC, the token can easily claim $100K in the midst of this, with an analyst delivering an exact timeline for the event to unfold.
Also Read: BRICS Give Update on Payment System: Target US Dollar in 2025
BTC To Claim $100K
Crypto Rover, a noteworthy crypto analyst, has once again shared his view on Bitcoin’s positive price trajectory shortly. The expert shared how the current US elections play a vital role in determining the future pace of BTC. In one of his recent posts, the analysis outlined how Bitcoin is poised to touch $100K, especially if Trump emerges as the ultimate winner and becomes the next US president.
The analyst quickly provided a timeline for BTC’s price spike to $100K. Crypto Rover shared that the token can claim this highly coveted price mark nearly 52-58 days after the US elections.
“52-58 days after the U.S. election, #Bitcoin will hit $100,000.🚀”
However, another cryptocurrency expert, Emperor, has also shared an alternate view, adding that Bitcoin’s target of $100K is inevitable. He shared that even if Kamala Harris is elected as the next US president, BTC may encounter a brief bearish period before it resumes its ascent to $100K.
“If Trump wins, we accumulate, range, and pump to 100K. If Harris wins, we dump a little, accumulate, and pump to 100K. Same Path. Different trajectory.”
Also Read: Donald Trump Wins 2024 Presidential Election
BTC Price Forecast Post US Elections: How High Will It Go Soon?
Bitcoin is currently trading at $74K. According to CoinCodex, it is poised to grow stronger, surging 32% to hit a new price mark of $96K by the end of this month.
According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 28.97% and reach $ 96,406 by December 6, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Bitcoin recorded 14/30 (47%) green days with 4.52% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.
Also Read: The Global Shift Beyond De-dollarization to De-Westernization