Bitcoin peaked at approximately $69,400 over the weekend before falling to around $67,600, reflecting a 2% decrease on Monday but an increase of over 7% from the previous week. The asset remains about 8% shy of its all-time high above $73,000. Analysts at Compass Point expect a new price peak in the near future, influenced by factors like significant inflows into U.S. bitcoin ETFs, totaling nearly $2.4 billion during a six-day streak, and postponed repayment deadlines related to FTX and Mt. Gox settlements, which may alleviate potential selling pressure. The crypto market is also watching the impact of the upcoming U.S. elections, with increasing speculation about how the political landscape could influence regulations surrounding digital assets. Recent polling indicates a shift toward Donald Trump as a favored candidate, potentially affecting market sentiment. Amid ongoing geopolitical tensions and economic shifts, interest in alternative investments like Bitcoin tends to rise, according to industry experts. Overall, while BTC has shown volatility, the current trends suggest optimism among analysts about its future price trajectory.

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