Hey guys , how are you? I'm not a politician , but all this election stuff is giving us a lot to talk about. This article talks about the technical aspects that are based on Saying that it can go up to the last maximum and Reach $125k.
Bitcoin could test its all-time high above $73,000 on day of US election, says Standard Chartered analyst
"We use daily bitcoin volume levels and popular strike levels to estimate post-election price moves. Our base case is that the bitcoin price will be around $73,000 on election day," Kendrick said in an email on Thursday.
He also noted that if Donald Trump wins the presidency, options breakeven points suggest a potential price increase of about 4% once the election results are known, with a possible total rise of around 10% in the following days.
The analyst emphasized that the dynamics of the options market provide insights into potential initial post-election price movements, with heavy open interest in BTC call options expiring on Dec. 27 at the $80,000 strike price, suggesting rapid movement toward that level.
Original Source:
https://www.theblock.co/post/322898/bitcoin-could-test-its-all-time-high-above-73000-on-day-of-us-election-says-standard-chartered-analyst?utm_source=rss&utm_medium=rss[/i]]https://www.theblock.co/post/322898/bitcoin-could-test-its-all-time-high-above-73000-on-day-of-us-election-says-standard-chartered-analyst?utm_source=rss&utm_medium=rssDo you think politics will affect the price of
BTC? It would be the first time this has happened in the market, Over time they will launch a political indicator.