Economist: Bitcoin Could Be Setting Up for an Ideal Short Opportunity

Bitcoin is currently caught in an intense updraft that has allowed its price to gain some serious momentum throughout the past couple of weeks. Bitcoin’s price rocketed to fresh 2020 highs of $13,700 earlier today, at which point it found some intense selling pressure that slowed its ascent and caused it to see a slight retrace.

If the crypto can shatter this level and rally higher, a move to all-time highs could be on the table. Economist: BTC Could Rally Past $15,000 Before Seeing an Election-Induced Selloff  One possibility mused by a crypto-focused economist is that Bitcoin will rally all the way up to the mid-$15,000 level before seeing a sharp selloff that coincides with the upcoming election.

Timeline of Bitcoin, Rally