Bitcoin Expected to Remain Below $70,000 Before U.S. Elections

Eugene Ng Ah Sio recently posted on X, stating, “My bullish outlook does not mean I will blindly seek more profits as prices rise. For me, the $65,000 to $68,000 range is a reasonable profit zone for early buyers. Many investors on the sidelines may capitulate around $65,000, which could signify the last push for upward momentum.

I believe Bitcoin will not break the $70,000 ceiling before the elections, so I will not choose to increase my position here. I have been taking profits, and if we reach $68,000, the market may behave more aggressively. I would prefer to wait for Bitcoin to dip back to the $60,000 range before re-entering.”