Market expert Don Gambardello believes that Bitcoin is on the verge of breaking out from a multi-year head and shoulders pattern, which could lead to a significant uptrend to six figures. Bitcoin recently experienced a surge of over 3% to reach a four-month price high. Gambardello's analysis indicates that Bitcoin is forming an inverse head and shoulders pattern on its 1W price chart, with a breakout from this pattern potentially leading to the largest inverse head and shoulders in Bitcoin history. Although the analyst did not specify a price target, his chart suggests levels above $180,000. Other analysts, such as Michael van de Poppe, also predict new all-time highs for Bitcoin in the near future. Analysts at Bernstein believe that the outcome of the November 5 election could have a significant short-term impact on Bitcoin, with a bullish push to $90,000 if Donald Trump wins and a drop to $30,000 if Kamala Harris wins.



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