Bitcoin currently sits at $57K, with its price moving up and down gradually to break past critical price barriers. Bernstein is a wealth management company that has made a recent prediction about how current US presidential elections can affect Bitcoin’s value by pushing it past $80K to $90,000 or crashing it under $30,000.
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Bernstein Bullish Forecast for King Of Cryptocurrencies
Bernstein, a reputable wealth management fund with AOM worth $725B, has predicted a bullish price forecast for BTC. These estimates have a strong correlation with the shifting narratives of US presidential elections.
According to the organization, if Trump is elected as the US president in November 2016, the price of Bitcoin could rapidly reach $90K by the end Q4 – a $80K increase.
Bernstein said that, if Harris won the election, BTC could suffer. Harris’s election win could cause Bitcoin to crash and drop below $30K. That would be catastrophic for all crypto markets.
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Upcoming Debate Between Kamala Harris and Donald Trump: BTC Mid-September Price Analysis
In addition to such developments, ABC News is gearing up to launch a debate between Kamala Harris and Donald Trump. This week’s live discussion will be crucial in helping the candidates to assert themselves, and lure audiences onto a wider plain.
Statements made during the debate could be crucial in determining both candidates’ pace. The statements made in the debate may be a good indicator of their level of success during campaigns. Such developments could also have an impact on the price of Bitcoin.
By September 17, the token may stabilize to hit the $69K price mark.
“The Bitcoin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. According to these Bitcoin predictions, BTC is expected to change hands for $69,785 in September 2024. This represents a gain of 22.80%.
According to CoinCodex, Bitcoin may touch the $70K mark by September 20 if the market continues to favour its momentum.
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Source: watcher.guru
