{"id":17619,"date":"2024-11-04T07:25:00","date_gmt":"2024-11-04T07:25:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=17619"},"modified":"2024-11-04T07:25:00","modified_gmt":"2024-11-04T07:25:00","slug":"which-way-will-bitcoin-go-in-election-week-experts-weigh-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=17619","title":{"rendered":"Which Way Will Bitcoin Go in Election Week? Experts Weigh In\u00a0"},"content":{"rendered":"

There will be a new president in the White House this week, and the victor will have a huge impact on the crypto landscape in the United States over the next few years.<\/p>\n

\u201cRegardless of who wins, we should see elevated volatility in the coming days,\u201d commented the Kobeissi Letter.<\/p>\n

Meanwhile, industry experts and analysts have been airing their thoughts over the weekend.<\/p>\n

Up or Down After Election?<\/h2>\n

Capriole Fund founder Charles Edwards opined<\/a> that he didn\u2019t think there would be much of a dip if Kamala Harris wins.<\/p>\n

\u201cThere would be an initial shock, unwind of Trump trades, volume trades, and a nuke within our current range,\u201d he said before adding that there have been 8 months of consolidation, bullish ETFs, and a lot of selling pressure.<\/p>\n

\u201cMarket is currently pricing in compression of odds into election day. After a post-election leverage unwind, who will be selling?\u201d<\/p>\n

Meanwhile, analyst Miles Deutscher said<\/a> that it \u201cfeels like the market is scared of a Kamala win and is de-risking ahead of the election.\u201d\u00a0He added that markets hate uncertainty, and a 50\/50 race is the definition of that word.<\/p>\n

\u201cIf Trump wins, I think this de-risk increases the bull case and conversely subdues the bear case (Kamala).\u201d<\/p>\n

Daan Crypto Trades told<\/a> his 390,000 X followers on Nov. 4 that there is a \u201cgood probability\u201d that BTC prices will see \u201cat least a 10% move to either direction depending on who ends up winning the election this week.\u201d\u00a0This could result in a dump below $60,000 or a surge to a new all-time high.<\/p>\n

Bitcoin pioneer Anthony Pompliano held a poll with the majority of the 16,000 voters thinking Donald Trump will win. However, the results are skewed due to the majority of his followers being into crypto.<\/p>\n

<\/a><\/p>\n

Investor and tech entrepreneur Mike Alfred observed<\/a> that in every previous cycle, Bitcoin<\/a> has made a low price the week of the US election that has never been revisited<\/a> again.<\/p>\n

\u201cThis week will literally be the last time you can ever buy Bitcoin below $70,000.\u201d<\/p>\n

Trump Leads at The Polls<\/h2>\n

The latest Polymarket<\/a> poll has Trump leading in four of the six key swing states which could influence the final outcome of the election.<\/p>\n

Overall, the blockchain betting platform has Trump leading with a 54.8% chance, while Harris has 45.1% for the national polls.<\/p>\n

Latest Swing State Odds (% chance of winning)<\/p>\n

Arizona \u2022 Trump 76% \u2013 Harris 24%
\nGeorgia \u2022 Trump 64% \u2013 Harris 36%
\nNevada \u2022 Trump 59% \u2013 Harris 41%
\nPennsylvania \u2022 Trump 54% \u2013 Harris 46%
\nWisconsin \u2022 Harris 58% \u2013 Trump 42%
\nMichigan \u2022 Harris 59% \u2013 Trump 41% pic.twitter.com\/ol96h8NMAP<\/a><\/p>\n

\u2014 Polymarket (@Polymarket) November 4, 2024<\/a><\/p>\n\n

The post Which Way Will Bitcoin Go in Election Week? Experts Weigh In\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

There will be a new president in the White House this week, and the victor will have a huge impact on the crypto landscape in the United States over the next few years. \u201cRegardless of who wins, we should see elevated volatility in the coming days,\u201d commented the Kobeissi Letter. Meanwhile, industry experts and analysts […]<\/p>\n","protected":false},"author":0,"featured_media":17620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17619"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17619"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/17620"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}