Bitcoin has rebounded above $67,000 as traders assess market direction following a recent surge. The cryptocurrency dropped to $65,160 on a recent Thursday after reaching nearly $69,000 on the preceding Sunday, close to its all-time high of just over $73,700. Experts indicate that this price fluctuation is part of a natural 'liquidity hunt,' a process meant to clear out excessive leveraged positions. Ryan McMillin of Merkle Tree Capital anticipates a retest of the $70,000 level, potentially influenced by the upcoming U.S. presidential election on November 5, which could prompt regulatory clarity in the crypto space. Analysts suggest Bitcoin's price may fluctuate between $63,000 and $68,000 until the election, with a firm push above $71,000 signaling optimism for a Trump victory. Additionally, the release of Non-Farm Payroll data on November 1 is seen as crucial for shaping market expectations surrounding Federal Reserve interest rate decisions.

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