Geoff Kendrick, an analyst at Standard Chartered Bank, expects Bitcoin to reach a historic high of over $73,000 on the day of the US presidential election. This forecast is based on an analysis of Bitcoin derivatives and trading volume. Kendrick said that if Trump wins the election, option prices could rise by about 4%, and the total price could rise by about 10% in the following days. The analyst emphasized that the dynamics of the options market provide a reference for predicting the post-election price trend, and the large open interest in the Bitcoin call option expiring on December 27 with a strike price of $80,000 indicates that the price may quickly approach this level. (The Block)
Standard Chartered Bank analysts predict that Bitcoin may exceed $73,000 on US election day
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