Traders Express Caution Regarding Bitcoin as Election Day Arrives

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Traders have long been looking towards election day as a potential catalyst for Bitcoin volatility that helps shapes the cryptocurrency’s future trend That day is now here, and BTC is actually seeing some positive price action so far this morning Bulls are in the process of pushing the crypto up towards its $13,800 resistance that has held strong throughout the past few weeks One trader is not expecting this momentum to last for too much longer, as he is noting that a move towards the $11,000 region could be in the cards He notes that the descent to this level is likely to begin sometime within the coming few days Bitcoin is seeing some strong price action heading into election day, with bulls attempting to retest the resistance the crypto has established around $13,800. Although its latest monthly candle closed above this level, it is important to note that BTC…

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