As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of exchange-traded funds (ETFs) that invest in the cryptocurrency. Despite several attempts to breach this mark, Bitcoin has faced resistance, leading to a current price correction. Should it fail to maintain its position above $68,000, it may revisit the $66,600 support level, with a further drop potentially taking it down to $63,000—an important threshold in the near term. Related Reading: Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election Despite the current price challenges, many analysts maintain a bullish outlook for Bitcoin. Crypto analyst Ali Martinez notes that the days following past US presidential elections have historically shown volatility for Bitcoin; however, the overall trend has remained upward. This analysis suggests that if this pattern holds ..
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