Bitcoin is enjoying a small breakout, but election volatility still to come

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$71,000.

Bitcoin’s managed to retake $70K after months of trying. We haven’t seen it above this level since it carved out a fresh all-time high in spring.

And now — just a week before the US election — we’re enjoying a small breakout. However, Ledn’s John Glover believes that we need to see a two-day close above $73,000 before he expects any real moves higher. 

But if bitcoin manages to hold on to that level, expect a “rapid move towards $80,000.”

Still, he’s not so sure we’ll go any higher. When we previously chatted with him, he thought he could see a move toward…

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