Bernstein Insists on His Short-Term Bitcoin (BTC) Forecast! Here Are the Expected Price Levels!

Bitcoin and which is of critical importance for the cryptocurrency industry ABD The presidential elections are getting closer.

With just a month left until the US elections BTC The issue of how the price will be affected by the election results continues to be discussed.

at this point Donald TrumpIt is stated that ‘s possible victory will be an upward catalyst for BTC, Bernstein analysts reiterated their prediction that Bitcoin could reach $80,000 to $90,000 if Trump wins the presidential election.

Bitcoin Will Continue to Be Affected by US Election Results!

According to The Block, Bernstein analysts think that in an environment of low interest rates, ongoing US fiscal deficit and unprecedented debt, Bitcoin will rise in the long term regardless of the election outcome. However, analysts state that the US election result is critical for Bitcoin in the short term.

Bernstein analysts Gautam Chhugani, Mahika Sapra and Sanskar Chindalia said in a note to clients:

” A Trump win would be gradually positive for Bitcoin and cryptocurrency markets.

In the scenario of Trump winning, we expect Bitcoin to exceed its previous peak of $74,000 and reach a new peak – between $80,000 and $90,000.

“We think that if Kamala Harris wins, it may test a new bottom at $40,000 in the near term.”

Finally, analysts added that they expect Bitcoin to react positively as the election approaches and Trump’s winning rate increases.

Although analysts state that Bitcoin is likely to rise until the election, their views on altcoins differ.

Altcoins Will Continue to Stay in a Certain Range!

Bernstein analysts Ethereum (ETH ) ve Solana (SOL) He said that they expect altcoins such as to remain in a certain range until the elections.

At this point, analysts have stated that other cryptocurrencies other than Bitcoin may rise only after the elections when there is more clarity about the ideas of the SEC chairman and regulatory aides in the White House.

Donald Trump During the election campaign, he accepted cryptocurrencies for campaign donations while describing himself as a pro-crypto candidate. A crypto friendly SEC He attracted the attention of the crypto industry by making promises such as appointing a president and creating a national strategic Bitcoin reserve for the USA.

Against this Kamala Harris, Until recently, he had not included cryptocurrencies in any of his speeches or statements. However, last month he mentioned cryptocurrencies for the first time and made general comments about crypto, stating that he would promote the cryptocurrency business while protecting consumers.

*This is not investment advice.