Anonymous trader Daan Crypto Trades stated that the price of Bitcoin could fluctuate by at least 10%, depending on which U.S. presidential candidate wins the election on November 5. IG Markets analyst Tony Sycamore mentioned that Bitcoin needs to break through the resistance level of $74,000 to confirm an upward trend, potentially rising significantly to $80,000. Sycamore also warned that traders should act cautiously; a sustained drop below the support level of $65,000 would indicate a failure of last week's rebound and could lead back into a seven-month downward trend channel.

Odaily Planet Daily News: Anonymous trader Daan Crypto Trades posted on X that the price of Bitcoin could fluctuate by at least 10%, depending on which U.S. presidential candidate wins the election on November 5.

IG Markets analyst Tony Sycamore wrote in an investment report on November 4 that Bitcoin needs to "consistently break through" the resistance level of $74,000 to confirm an upward trend and could potentially surge to $80,000.

Sycamore also warned that traders should proceed with caution, as a "sustained drop" below the support level of $65,000 for BTC would indicate a failure of last week's rebound and could lead back to a seven-month downward trend channel. (Cointelegraph)

Analysis: Bitcoin is expected to fluctuate by at least 10% in either direction based on the results of the U.S. presidential election.