$BTC/USD Market price depending of the presidential election

The voting for the presidential election of the United States has finally started on November 3rd.

With many news reports of Mr. Biden's dominance, attention is focused on whether there will be a big reversal like the previous presidential election.

The US stock market has been strong so far, so it is possible that whichever one wins will remain strong,
This week is a week that needs attention along with the elections, as important economic indicators such as the FOMC and employment statistics are coming up.


Under such circumstances, the current BTC is moving in an upward parallel channel, and is still in an upward trend in the medium term.
First of all, pay attention to which way this channel will break in the above-mentioned event.

If it breaks down, we believe a plunge to $ 12,000 is inevitable, and it could drop to $ 11,200 below that.
On the other hand, if the market breaks out, there is a possibility that the market will rise to around $ 16,000 due to FOMO, and fluctuations are expected.