TL;DR

• Analysts share optimistic BTC price predictions. One trader thinks a parabolic increase of $300K is possible sometime next year.
• The US presidential election on November 5 may drive BTC volatility due to candidates’ contrasting crypto policies.

New Peak Under This Condition

Bitcoin’s price has been one of the hottest topics in the crypto space in the past few days. It pumped to as high as $73,600 (just $150 away from tapping a new all-time high) on October 29 before slightly retreating to its current $72,200 (per CoinGecko’s data).

Somewhat expectedly, the impressive performance caught the eye of numerous industry participants, many of whom predicted that a fresh peak might be just around the corner. One of those who chipped in is the popular X user Michael van de Poppe. He claimed BTC has recently consolidated before “continuing towards new ATHs.”

The analyst believes the asset will remain at the forefront of gains if it stays above the critical resistance level of $70,000.

The investor and BTC maxi Fred Krueger also gave his two cents. He