Bitcoin Price Prediction: Bitwise Says BTC May Hit $92K If Donald Trump Wins US Election, While Traders Eye This Political Meme Coin For 10X Potential
The Bitcoin price managed to print a slight gain in the last 24 hours to trade at $67,191.10 as of 7:34 a.m. EST. Despite the lackluster 24-hour performance from the BTC price, Bitwise’s head of alpha strategies, Jeff Park, predicts that the crypto’s price will rally to as high as $92K if former US President Donald Trump retakes the White House. Charting $BTC price against Trump’s odds (via @Polymarket) from 8/15 to 10/20 reveals some wild swings—particularly when Harris and Trump took turns leading. By applying merger arb-style probability math, I project a Trump victory could push BTC to ~$92,000 Take that as you will pic.twitter.com/OGy8M3Vju1 — Jeff Park (@dgt10011) October 22, 2024 The Bitcoin Price Rebounded Off Of Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price rebounded from the $65,937.66 support after briefly dropping below this technical safety net in the last 24 hours. After recovering back above this...