Analysts are focusing on the 2024 US election as a crucial factor influencing Bitcoin's future price movements. The outcome could lead to significant volatility in the market, potentially setting the stage for Bitcoin to rally to a new all-time high surpassing $73,800.
Markets are closely watching political developments, as changes in administration and policy may impact investor sentiment and economic conditions. This uncertainty can lead to fluctuations in the cryptocurrency market.
Bitcoin's price is known to react to macroeconomic factors, hence the significance of the upcoming US election on its potential price trajectory.
