Analyst: Bitcoin will surpass $73,000 amid picks

On November 5, the first cryptocurrency may be close to a ATH above the $73,000 level express Head of digital asset research at Standard Chartered, Jeff Kendrick, draws on analysis of derivatives and trading metrics.

“We use daily Bitcoin conversion indicators and popularity rates strike prices to assess the trend of values ​​after the elections. Our basic scenario is that the price of digital gold will be around $73,000 on Election Day,” the expert said.

He noted that in a situation where Donald Trump wins, options breakeven points indicate a possible price increase of around 4% immediately after the results are announced. In the following days, another increase of up to 10% is possible.

The analyst confirmed that the dynamics of the derivatives market provides an insight into possible price movements after the elections. At the same time, a high level of conditions phone options based on Bitcoin it will end on December 27 with a strike price of $80,000.

Republicans can push the price up

“A Republican victory could push the price of Bitcoin to $125,000 by the end of the year,” he said.

On the other hand, if Kamala Harris becomes president, the level of the first digital currency could decrease significantly. However, according to Kendrick, by the end of the year the price will recover to around $75,000.

The specialist examined other symptoms, noting the following:

“The price of Bitcoin has risen in recent weeks, along with other trades that are popular among Trump supporters. According to RealClearPolitics, the current odds of a Trump win are estimated at 59%, while other markets like Polymarket show a 75% probability.”

The researcher said that the recent drop in Bitcoin price to a local low of $65,200 may be the last one before the upcoming US presidential election.

Bernstein analysts were previously predict the price of the first digital currency at $200,000 by the end of 2025.

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