CandleFocus Bitfinex Analysts Announced Their Bitcoin and Altcoin Expectations, Warned! "Altcoins Other Than These May Experience Further Declines!"
2024-11-05
Author: Content Editor
Despite the volatile movements of Bitcoin ahead of the US election, Bitfinex analysts believe that the expected volatility remains low. Investors have been cautious leading up to the election, resulting in calm and low volatility in the market. However, analysts expect an increase in volatility between November 5th and November 8th due to potential sharp price swings during election week. They argue that if the expected volatility does not materialize, it could indicate a deeper correction for Bitcoin. The "Trump trade" narrative for Bitcoin may come to an end after the election. Additionally, analysts predict further declines for altcoins, particularly those outside the top 10 cryptocurrencies, due to a lack of interest among investors.
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