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    Price analysis 10/25: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

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    Bitcoin is struggling to cross the $69,000 barrier, with some suggesting upcoming US elections could affect its value. Geoff Kendrick of the Standard Chartered Bank predicts Bitcoin could reach $125,000 by year-end if the Republicans win the US Congress. Similarly, Jeff Park from Bitwise believes Bitcoin could hit $92,000 if Donald Trump wins the presidential election. Experts also predict bright prospects for altcoins if Bitcoin exceeds $80,000. Currently, Bitcoin is facing resistance at $70,000 and its value is hovering around $65,000.

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    Bitcoin has been battling to break the $69,000 barrier recently, but it’s not going down without a fight. Some folks reckon the coming US elections might break this stalemate, but only time will tell.

    Geoff Kendrick, a crafty analyst from the Standard Chartered Bank suggested that if the Republicans did a clean sweep in the US Congress in the November 5 elections, Bitcoin’s value could shoot up to a whopping $125,000 by year-end.

    Then there’s Jeff Park, the head honcho of alpha strategies at Bitwise. He’s made his own grand prediction. His take? If Donald Trump wins the US Presidential elections, don’t be shocked to see Bitcoin standing tall at $92,000.

    Not just Bitcoin, some crypto experts are predicting a great future for altcoins, too. Crypto investment firm Hashkey Capital has some great news for coin enthusiasts. They reckon that if Bitcoin raves past the $80,000 mark, an “altcoin season is more probable.”

    What does this all mean for Bitcoin? It’s coming face to face with a resistance at $70,000. And if Bitcoin busts this barrier, altcoins are likely to follow suit.

    Bitcoin is looking bullish having risen from $65,000 on October 23. A positive 20-day exponential moving average and RSI signal are doing wonders to boost the bull’s confidence, making $70,000 look increasingly reachable. But if the tables turn and Bitcoin’s value falls below $65,000, it’s likely to sink to the 50-day simple moving average – which currently stands at $62,758!

    Source: Cointelegraph

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