Bitcoin could potentially reach a price of $65,000 following anticipated rate cuts expected later this week. This optimism comes from analysts who see the rate cuts as a catalyst for a significant price rally.
However, the same analysts also express concerns about the US election uncertainty. They fear that the unpredictable election outcomes could keep the crypto asset prices lower for an extended period, countering the positive impact of the rate cuts.
As a result, the overall price action of Bitcoin remains challenging to predict in the current economic and political climate.
