Can US Elections Crash Bitcoin Price?

There is a high chance that Bitcoin price could crash ahead of the US presidential elections if Kamala Harris wins. This outlook is shared by many traders who are inadvertently looking for a crash if Donald Trump does not win.

Bitcoin price has been relatively stable over the weekend and has been moving sideways. This outlook could change as quickly as tomorrow or November 5 due to the US presidential elections.

Will Bitcoin price crash going into the US elections or bounce to new highs?

Bitcoin Price Could Crash Ahead of US Elections if Kamala Harris Wins

There is a high chance that Bitcoin price could crash ahead of the US presidential elections if Kamala Harris wins. This outlook is shared by many traders who are inadvertently looking for a crash if Donald Trump does not win.

DonAlt, a key crypto influencer and trader, posted sarcastically that BTC could crash if Kamala Harris wins.

The reason for pessimism surrounding Harris is simple – lack of crypto-related developments or support. Furthermore, the presidential candidates have not publicly disclosed massive support for crypto. As a result, investors are expecting Harris’ ascension to negatively impact the value of BTC and crypto markets.

Another trader with the screename “cryptochimpanz” on X hinted to his followers that $60K to $62K is a key level for accumulation.

Bitcoin Technical Analysis: BTC Hovers Around Key Support

From a technical standpoint, Bitcoin price sits above a critical support level of $68,958. This is Value Area High (VAH) and Value Area Low (VAL) sits around $59,364. This range, in total, is termed as value area, this is where 70% of the volume was traded in the past seven months.

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