Bitfinex analyst: Bitcoin will usher in a "perfect storm" and is expected to hit a record high in November

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ODAILY
10-29
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Odaily Planet Daily Report: Bitfinex's analysts stated that the possibility of Trump winning the presidential election, combined with historically bullish market conditions, could create a "perfect storm" for price action, with the potential to push Bitcoin to a new all-time high next month. "The confluence of election uncertainty, the 'Trump trade' narrative, and favorable Q4 seasonality factors have created a perfect storm for Bitcoin, and regardless of how prices move in the two weeks leading up to the election, the future will be an exciting period," the analysts said. Despite Bitcoin experiencing significant volatility due to geopolitical turmoil in the Middle East and other macroeconomic issues in the US, the expectation of Trump potentially winning the November 5th election has led to a significant price rebound.

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