Bitcoin has managed to break above $70,000, its highest level since reaching an all-time high earlier this year. Analysts believe that it needs to close above $73,000 for further upward movement. If it can hold that level, it may rapidly move towards $80,000. However, there is still uncertainty about whether it will go higher, with previous projections of $87,000 off the table. Some analysts believe that bitcoin may experience increased volatility around the time of the US election, with its performance potentially influenced by the election outcome. A sentiment shift recorded in September could also influence bitcoin's price in the days following the election. There is still a week until the election, so there may be more price action to come.



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