The upcoming bull market is going to be a strong bull market, this year I don't expect much positive for bitcoin, currently the market for bitcoin is below 67K, this month is going to end very soon, and next month is the US election on November 5th. will be Looking at the market situation at the moment nothing much positive can be expected, by the end of this year we may see Bitcoin price around 75K. And the outcome of this US election will affect the price movement of Bitcoin in 2025.
Also on October 22, Bitwise's Head Of Strategy Jeff Park predicted that Trump's victory would take Bitcoin to $92,000.Bitcoin's next bull market is definitely going to be a strong bull market, and Bitcoin can definitely cross 150K in this cycle, but we will all see next year. This year we can't expect much from Bitcoin.
While 92k is nothing, I believe we can see a lot more and no matter whichever one wins. It is obvious that we are going to have a bull run, that is always the case with bitcoin, they started to say trump will take it higher because they saw polls and it's clear trump is leading right now, and that means trump may win as a favourite and this is why they are saying it will go up after he wins.
Bitcoin price is heading for an October high, but the price we are focusing on in Bitcoin may not return to this price in the near future. Because the price of Bitcoin will start to rise directly, since we are standing in the pre-bull market period. With Trump, I think this Bitcoin price correlation is very small, because in this situation, even if it wasn't election time, Bitcoin price would have increased according to the bull market. Which, if we look at the history of 2021 and 2017, 2013 definitely set the record for the highest bitcoin price in history. So I think we are in the right place at the moment with the price of Bitcoin and we are standing just before a bull market.
In reality I believe it will go up no matter what happens, you can see Biden make martial law and not even give up power and even that would not make bitcoin crash, in fact something that stupid would probably make bitcoin go up. So, we are going to see bitcoin rising for the next year, things should not eb all that complicated and we could probably make some good money. I believe the best way to move forward would be just focusing on how to get better results, this doesn't seem like we are going to end up with trump or anything, we are going to end up with bull run nevertheless in any case.