Bitcoin's current struggle to reclaim the $70,000 mark is observed ahead of the US elections. Analysts anticipate significant market volatility as election results approach and after they are announced.
Key levels to watch include resistance around $70,000, indicating Bitcoin's critical price point in the current market context. Market participants should be aware of potential sharp movements driven by election uncertainties.
Volatility around significant events like US elections often impacts cryptocurrency trading, making it a focal point for traders and investors in the coming period.
