Bitfinex analyst: Bitcoin will usher in a "perfect storm" and is expected to hit a record high in November

Odaily News Analysts at cryptocurrency exchange Bitfinex say the possibility of Trump winning the presidential election, combined with historically bullish market conditions, could be a "perfect storm" of price action that could push Bitcoin to a new all-time high next month. "The confluence of election uncertainty, the 'Trump trade' narrative, and favorable fourth-quarter seasonality has created a perfect storm for Bitcoin, and no matter where prices go before the election in two weeks, it will be an exciting period ahead." Analysts say that while Bitcoin has seen huge volatility due to geopolitical turmoil in the Middle East and other macroeconomic issues in the United States, expectations of Trump's possible victory in the November 5 election have caused its price to rebound sharply. (Cointelegraph)