Trader: Bitcoin will rise to $80,000 whether Trump or Harris wins

The market has responded positively to the upcoming government and policy changes - whether it's Harris or Trump, traders and investors believe that any change is good. Analysts say that this is in line with the Federal Reserve's first rate cut in four years and the recent rise in stock prices, further reinforcing the argument that Bitcoin may break its historical high and reach $80,000. In addition, the recent cryptocurrency options market shows that Bitcoin call options are concentrated in the $75,000 to $80,000 range in mid-to-late November. Analysts point out that macroeconomic factors, such as expectations of a Federal Reserve rate cut and a rise in the stock market, also support the possibility of Bitcoin reaching $80,000 by the end of the year. (Coindesk)