The Bitcoin (BTC) 
$98,675 price continues to zigzag, falling to $69,500 and then rising to $70,400. The notable movement of over $1,000 within just a few hours has drawn attention. Altcoins have also reacted amid this volatility. Market participants eagerly await election results.
ROSE Coin Commentary
In a recent market assessment, Waleed Ahmed stated that the price of ROSE Coin has reached a bottom and is poised for recovery. After hitting a low of $0.0597, the downward movement may have concluded. If the analyst’s anticipated scenario materializes, an impressive rise to $0.189 could begin.
Various Analysts’ Bitcoin Perspectives
BTC is currently at $70,355, and despite the decline, aiming for $71,500 can be seen as a positive development. While Trump’s potential victory excites market participants, Harris remains consistently ahead in polls, making a win surprising. Even with Elon Musk’s public support, Trump may not secure a win.
The Biden administration’s regulatory pressure on cryptocurrencies has complicated business operations for companies in the region for years. Additionally, each new SEC lawsuit brings about further declines. The considerable BTC reserves held by the Department of Justice and occasional sales also contribute to the market’s volatility.
In today’s analysis, Titan of Crypto noted:
“Bitcoin Key Level: $70,200. After breaking Tenkan, the price typically retests it, and currently, Tenkan sits at $70,200. BTC needs to reclaim this level to regain upward momentum.”
As of the time of writing, this level had been reclaimed. Ali Charts reminded of the BTC chart facing five rejections. These attempts have consistently resulted in lower lows. However, since the last rejection area has been surpassed, the potential for a convincing breakout above $70,200 may become evident.
The final analyst, Moustache, stated:
“Consider that BTC hit a bottom just before the U.S. elections. Most assumed this would occur later. It would be an excellent preemptive move. The scenario in 2020 looked very similar.”
His forecast suggests that while $49,500 may not be risky, attempts at around $60,000 could be possible. Nevertheless, like others, he targets six-figure prices in the months ahead.
