Bitcoin (BTC) continues to trade in the red on Monday after being rejected near its all-time high of $73,777 last week.
Bitcoin Price Forecast: Analysts anticipate increased volatility as the US presidential election looms Bitcoin continues to trade in the red on Monday after being rejected near its all-time high of $73,777 last week. Analysts suggest that the upcoming US presidential election on Tuesday will likely increase market volatility.
For now, it looks like a de-risking ahead of an important event where both major candidates have roughly equal chances of winning. The price of bitcoin has fallen back below $68.5K and was bottomed out at levels $1K lower on Sunday. The pullback has not yet broken the overall bullish pattern that has been forming since September.
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