Bitcoin currently sits at $57K, with its price moving up and down gradually to break past critical price barriers. In addition, a new prediction by Bernstein, a prestigious wealth management firm, shared how the current US presidential campaigns have the power to shift Bitcoin’s price pace by helping the asset move past $80K-$90K or tanking it below $30K.
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Bernstein Bullish Forecast for King Of Cryptocurrencies
Bernstein, a reputable wealth management fund with AOM worth $725B, has predicted a bullish price forecast for BTC. The firm estimates are closely linked to the changing US presidential campaign narratives.
The organization has shared that if Trump wins the US presidential elections, the development could quickly push Bitcoin to hit the $80K to $90K price mark by the end of Q4.
At the same time, Bernstein shared that if Harris wins the election, it could harm BTC’s health. Harris’s win may compel Bitcoin to plummet and hit $30K, which could be catastrophic for the entire crypto market.
🚨JUST IN: Bernstein, a private wealth management fund managing $725B, predicts Bitcoin could hit $80-90K if Trump wins in 2024. If Harris wins, BTC may drop to $30-40K, they said in a note to their clients. pic.twitter.com/aDjP11f3HM
— SolanaFloor (@SolanaFloor) September 9, 2024
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Upcoming Debate Between Kamala Harris and Donald Trump: BTC Mid-September Price Analysis
In addition to such developments, ABC News is gearing up to launch a debate between Kamala Harris and Donald Trump. The discussion, scheduled to go live this week, will play a pivotal role in helping candidates assert themselves and tempt audiences on a broader plain.
The statements made in the debate may play a crucial role in determining the pace of both candidates. They may also corroborate their levels of campaign success. At the same time, such developments may also impact the current price level of Bitcoin.
JUST IN: Kamala Harris has finally accepted the rules to the ABC News debate against Trump according to CNN.
— Collin Rugg (@CollinRugg) September 4, 2024
Harris claims she will be "disadvantaged" by the debate format, which is the same format that was used for the CNN debate between Trump and Biden.
"Vice President… pic.twitter.com/YcVpVsoUpn
By September 17, the token may stabilize to hit the $69K price mark.
“The Bitcoin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Bitcoin projections, BTC will be changing hands at $69,785 on Sep 17, 2024, gaining 22.80% in the process.”
According to CoinCodex, Bitcoin may touch the $70K mark by September 20 if the market continues to favour its momentum.
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