🚨 BTC: IS IT GETTING READY FOR THE U.S. ELECTIONS? 🇺🇸
📊 Bitcoin closed the week back above 80,000 USDT after sweeping the lows at 79,732.
The U.S. congressional elections are coming up on November 3.
👀 My hypothesis: What if BTC is building up an accumulation phase before a major move?
I see two possible scenarios:
🔹 Scenario 1: BTC continues moving sideways until the elections, then volatility expands sharply.
🔹 Scenario 2: BTC starts rising beforehand, reclaims 84,340, and targets 87,385 USDT.
📈 From its current price of 82,432, BTC only needs to rise 6% to reclaim that recent high.
Let’s remember that Bitcoin rallied sharply after the 2024 presidential election.
⚠️ That doesn’t mean it will happen again. It could also break downward.
🎯 At NEXO Trading, we don’t try to predict the future. We lay out scenarios and wait for confirmation.
💬 Is BTC accumulating ahead of November or preparing for another drop?
#BTC #Bitcoin #NEXOTrading #BinanceSquare #Crypto
📊 Bitcoin closed the week back above 80,000 USDT after sweeping the lows at 79,732.
The U.S. congressional elections are coming up on November 3.
👀 My hypothesis: What if BTC is building up an accumulation phase before a major move?
I see two possible scenarios:
🔹 Scenario 1: BTC continues moving sideways until the elections, then volatility expands sharply.
🔹 Scenario 2: BTC starts rising beforehand, reclaims 84,340, and targets 87,385 USDT.
📈 From its current price of 82,432, BTC only needs to rise 6% to reclaim that recent high.
Let’s remember that Bitcoin rallied sharply after the 2024 presidential election.
⚠️ That doesn’t mean it will happen again. It could also break downward.
🎯 At NEXO Trading, we don’t try to predict the future. We lay out scenarios and wait for confirmation.
💬 Is BTC accumulating ahead of November or preparing for another drop?
#BTC #Bitcoin #NEXOTrading #BinanceSquare #Crypto