cryptofamily

According to the Altcoin Buzz analyst, the upcoming election could significantly affect Bitcoin’s behavior. He predicts that Bitcoin will pull back after testing the resistance and enter a sideways trend. The analyst expects a minimal retracement. He identified the $65,000 region as immediate support and the potential base of a pre-election sideways channel for Bitcoin.

Bitcoin pumped 13% in the past seven days, injecting a bullish momentum into the cryptocurrency market. Besides the upcoming elections, the pioneer cryptocurrency’s behavior is consistent with its seasonal trend, with the fourth quarter of the year representing a bullish period for the cryptocurrency market.