Analyst at Standard Chartered Bank: It is expected that the BTC Fluctuation will intensify before the election, and Trump's victory will help BTC reach $125,000 by the end of the year.

BlockBeats News, on October 31st, according to The Block report, Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that BTC price may experience a pullback before the US presidential election on November 5th, and Fluctuation is expected to intensify in the next few days. Due to traders choosing to close their positions for profit before the election, the possibility of BTC surpassing the historical high point of $73,700 before the US election is dropping. Geoff Kendrick added that if the Republican Party (Trump) achieves a sweeping victory in the US Congress, BTC price will experience even greater Fluctuation, which may lead to BTC reaching $125,000 before the end of the year and trigger a new wave of altcoin frenzy.