Crypto investors should prepare for even more volatility around the US election, with traders and analysts predicting “at least” a 10% move for Bitcoin.
The price of Bitcoin could swing at least 10% depending on which United States presidential candidate clinches election victory on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months.
In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s (BTC) weekly close didn’t look “the cleanest” but said this wouldn’t matter too much in the face of a looming election.
Instead, he predicted that there’s a good possibility Bitcoin will see “at least a 10% move to either direction depending on who ends up winning the election this week.
