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Standard Chartered analysts predict that Bitcoin could top $73,000 on U.S. Election Day

Geoff Kendrick, an analyst at Standard Chartered, expects bitcoin to break above its all-time high of $73,000 on the day of the US Presidential Election. The forecast is based on an analysis of bitcoin derivatives and trading volumes. Kendrick said that if Donald Trump wins the election, the option price could rise by about 4%, and the total price could rise by 10% in the following days. In addition, the unpositioned squaring contract for bitcoin call options expiring on December 27 shows a strike price of $80,000, indicating that the price could move quickly towards this level.