CandleFocus

Analysts Reveal the Real Reason for Bitcoin's Decline, Warn of "Buy the Expectation, Sell the News" Event!

Bitcoin experienced a decline in price, falling below $69,000 in Asia, which is attributed to the decrease in the odds of a Trump victory in the US election. Sean Farrell of Fundstrat Global Advisors stated that BTC's bullish momentum is weakening as Trump's election odds have declined. The analyst also cautioned investors about the reliability of prediction markets and highlighted that Trump's lead over Kamala Harris has narrowed. Ed Yardeni of Yardeni Research suggested that if Harris wins, Bitcoin could fall, but the response to a potential Trump presidency is uncertain.

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