Standard Chartered Bank analyst: BTC Fluctuation is expected to intensify before the general election, Trump's victory will help drive BTC to $125,000 by the end of the year

BlockBeats news, on October 31st, according to The Block, Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that BTC prices may experience a pullback before the US presidential election on November 5th, and fluctuations are expected to intensify in the coming days. Due to traders choosing to close positions and take profits before the election, the possibility of BTC breaking through the historical high point of $73,700 before the US election is dropping. Geoff Kendrick further added that if the Republican Party (Trump) achieves a landslide victory in the US Congress, BTC prices will experience even greater fluctuations, which may bring BTC to $125,000 before the end of the year and trigger a new wave of altcoin frenzy.