As the US presidential election approaches, Bitcoin is struggling for direction amid a tight race between Donald Trump and Kamala Harris. Analysts predict varied outcomes for Bitcoin based on the election results. Bernstein analysts forecast that if Trump wins, Bitcoin could soar to $80,000 to $90,000 due to his pro-crypto stance and potential regulatory easing. Historically, Bitcoin has rallied following US presidential elections and halving events. Conversely, market analyst Miles Deutscher warns of an 'instant dump' if Harris wins, citing fears of increased regulatory scrutiny, suggesting the price might drop to around $65,000. Meanwhile, some analysts, like Lark Davis, remain optimistic, predicting a potential surge to $100,000 by the end of November, fueled by historical trends and possible favorable Federal Reserve decisions. As of November 4, Bitcoin’s price stood at approximately $68,760, down from recent highs, with a significant reduction in market exposure preceding the election.

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