Bitcoin Poised for Six-Figure Surge After US Election, Says Trader – Price Path Explained
A prominent crypto analyst believes Bitcoin (BTC) could surge to six figures following the U.S. presidential election. Pseudonymous trader Kaleo shared with his 649,500 followers on X that Bitcoin might replicate a previous end-of-year rally, potentially reaching new all-time highs (ATHs).
He noted that September often marks a bottom, leading to increased momentum in October. Kaleo predicts Bitcoin could close December at around $112,000 and suggests that the BTC/gold ratio may break out of its current descending channel to hit new highs. Currently, Bitcoin trades at $63,449, reflecting a 5.2% increase over the past week.
Clever Robot News Desk 29th September 2024
