Bitcoin's price has been trading relatively flat around $67,500 after briefly dropping to $65,160. Experts believe that the recent downward movement was a healthy correction to flush out leveraged long positions and expect the asset to retest the $70,000 resistance soon. The upcoming U.S. presidential election on November 5 could have an impact on the industry, with participants hoping for favorable crypto regulations. Bitcoin's price is expected to fluctuate between $63,000 and $68,000 leading up to the election, and a decisive break above $71,000 could indicate a high probability of a Trump win. Some experts suggest that the convergence of the election and the release of Non-Farm Payroll data on November 1 will play a critical role in shaping expectations for the Federal Reserve's next move on interest rates.



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