Bitcoin traded near $70,000 ahead of the November 2024 US election and Federal Reserve meeting. Traders considered the possible effects of each event, while election odds and policy expectations remained uncertain.

The Federal Reserve’s November 6–7 meeting was one of the scheduled events in focus. Past post-election rallies did not establish how Bitcoin would respond to this election or to a change in interest rates.

Market caution remains high, with ETF inflows slowing and recent liquidations reflecting uncertainty. Analysts believe a post-election surge or drop is likely, depending on the political outcome and economic indicators. While optimistic projections suggest Bitcoin could reach $100,000 or even $125,000 in a bullish scenario, traders are urged to manage risk carefully given current volatility.

Disclaimer: This is for educational purposes and not financial advice.