TechFlow reported on October 28, according to Bitcoin.com News, that Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, recently forecasted the Bitcoin price to reach $73,000 by November 5, 2024—the U.S. election day. The report further analyzed that if Trump wins, Bitcoin could rise 4% immediately after the results are confirmed, with a cumulative gain of up to 10% within several days.
The research team stated that if Republicans achieve a landslide victory in congressional elections, Bitcoin could potentially reach $125,000 by year-end. In contrast, if Harris becomes president, Bitcoin might experience a short-term pullback but is still expected to hit a new high of $75,000 by the end of 2024. This forecast is based on daily BTC volatility levels and analysis of major options strike prices.
