As the U.S. election nears, Bitcoin flirts with the $70k level, attracting intense market attention. BTC recently surged to $73-74k but faced bearish resistance. Upcoming election results and a Federal Reserve meeting could drive volatility, especially as analysts suggest a Trump win might boost crypto markets. Historically, BTC has rallied post-election, and some predict a possible bull run.

Macro factors, like jobless claims and potential Fed rate cuts, may further impact BTC. Recent ETF outflows show cautious investor sentiment. With mixed signals and market volatility likely, Bitcoin’s path remains uncertain but could still see new highs post-election.