Topic: Bitcoin is doing Pump & Dump before the US Election results are finalized (Read 709 times)

Bitcoins have nothing to do with the political race. I am a long term speculator and I accept digital forms of money.
I've been included with it since 2013, it's absolutely impossible to bring it down its surviving since 2009.
You can not compel us to sell our bitcoins before November 7, we vastly improved when to purchase and when to sell.
Cryptographic forms of money are very different than some other cash and its for around the world. I don't believe there's any meddling in the US political race with bitcoin cost.

Many people think that one president or another could do something about crypto but in reality none of them really even cares about it.

The reality is that we are in a situation where we could make as much profit as we want and presidents will not care about it. Sure people like Janet Yallen or whatever her name is will try to make it sound like crypto is not a nice thing but while people made 5x profit in the past 8 months with bitcoin during a period government (both Trump and Biden) ignored the citizens to a large degree, that means bitcoin was actually more helpful towards people than governments ever was.

Eventually humanity will realize that no party is there to help you, not in USA, not in anywhere in the world that any political party you see is there to make themselves more powerful and that's it.

Traders don't worry about flash dump, but most traders don't know about which one the lowest price, and which one the highest price. When Bitcoin reaches $30K+ Many people say this is a dangerous zone for buying because it already at the peak, But now?? So I think "Buy and Hold" will solve all problem

I am sure many of us are searching for the opportunity to buy low and sell high. It is always a good idea to buy bitcoin every up and down because that can help you produce a profit, and if you can do many times, I am sure your profit will be bigger. However, not all traders will use the opportunity to buy bitcoin every up and down because of some trader worries about the flash dump that can happen anytime.

I don't see political news but I only see the opportunity! It’s extremely volatile. Just keep buying BTC on every ups and down, don’t worry about the price. Better idea is save a certain amount every day and buy dips in BTC with the money. However, It's totally our call, the market could be huge eventually!

I don't mind seeing bitcoin is doing pump and dump before and after the US election because that is another opportunity for me and other people to buy low and sell high. I am sure that we can profit from the volatility, and I am sure that the price can jump high than before. And if the price can get down deep, that will be a good time to buy bitcoin to sell it once the price increases. I don't interest in the political news, so I think we have a good moment at that time. We will get another chance to buy low and sell high later, so prepare yourself.

When hedge funds or companies like grayscale go into something, they only get out if they think they found another thing that they could profit from. You and I could go into bitcoin, buy it low, when it goes up we sell and take out our profit and that is all we care about, however when these companies get in, they get in with hundreds of millions of dollars so when they buy bitcoin that means they have to either hold it for a very long time or they could sell it when they find something better, if they sell it and have nothing else to do with the money they got, that money just sits inside a bank and doesn't do anything, why would they want that?

Hence at the end of the day they are not selling off all together, either few might if they find something better, or they all hold it for a very long time.

And until now, bitcoin hasn't met a correction even if we see on lower time frame bitcoin has a signal to go up ans I just predict sooner we will make $16.000 as the strong support.

The election has passed by a few days ago and if I can see it gave a good impact for bitcoin price movement. As we all know, at the first day election come indeed the dollar index was up and bitcoin down slightly but after that bitcoin price just up and touch $16.000.

We can't predict well about bitcoin price, there will be a mistake and we have to chance quickly our mistake especially for those trader. If they just waiting and have no evalution when they got risk or profit I'm sure they will not stay in the long term as bitcoin trader.

You made a good move as it has already provided approximately 300% gained and now it's clear that market is good and it hasn't dumped post US election result wherein still many midlevel traders like myself are awaiting for a dump to stock up our portfolios. Unfortunately, it doesn't seems like the prices comedown anytime sooner. 

I don't think this is a P&D before the US Election results will be confirmed. Nonetheless, if that would be the case, I would welcome a nice price drop only to buy more as others have thought. We will not have many more opportunities to buy at lower prices in the future, so any price drop can be used to accumulate more. That's what I did in March for example when I was able to buy BTC at $5240.

Given the golden opportunity to buy Bitcoin again priced at $5,800, and to watch it surge to a 6-digit valuation by end of 2021 would not be a Christmas present?

We will know how Biden has occupied the presidency and there is still 2 months to go so there is still correction for us to assess the bitcoin price of $ 16k for me quite easily this month if the bullrun really occurs I see the market moving so fast with green what This means that the leadership of Biden will affect cryptocurrency?

The pandemic does not make bitcoin obstacles continue to show so that it will not be shaken even if it collides with several other world economies we have confidence that this will take longer.

I don't think the pandemic case will be enough to fuel this rally to $16k, there could be underlying causes, of just pure manipulation from behind. But we heard that Biden is already the next president and then we have the correction, and yet the price is still above $15k, which make me think that bulls are really pushing the price despite Biden winning or the Pfizer's vaccine effectiveness.

Selling off?

We would really be heading there and for sure people would create another reason for such price decrease or correction without even looking in the past on how many coins had been owned by several companies at the moment.
People are really fan on making some connections towards external events with the market price.Take a look on where the election results are finalized but still we are playing around in 15k price.

Doesnt show any signs of some breakouts soon but im anticipating that there would be a correction on upcoming days or weeks.For those who had bought earlier then they are just waiting
for the right time and timing to sell.

We would eventually notice it when the price had plummet down. hehe.

all people are interested in knowing why the price has risen so much, i've seen some theories besides that of the election, for example it could be that the increase in coronavirus cases in the world is at the root of this increase because after they announced about the effectiveness of the vaccine from Pfizer the price dropped a lot, but that may also have been coincidence of how the price was trying to break an important support. in any case I wouldn't be surprised if this increase was linked to the recent increase in coronavirus cases worldwide because people in the crypto world may think things like: "everyone will be afraid of fiat because fiat is a risk in pandemic time then they will resort to bitcoin "

No no. The US election only has a minimum impact on the price of bitcoin. I doubt that people buy their bitcoin cause of the fight between two old men. However, a correction is needed in order to make the price of bitcoin to go even higher. Margin traders should be careful if they want to make a long position.

Many investors see bitcoin as a safe haven and thats why they have put a lot of money in bitcoin. Such as a company called Grayscale. They are holding more thab 400000 bitcoin at the moment. I do not know whether they have sold it or not. If they do, there must be news about a significant amount of bitcoin is sold off rapidly on a popular media

decline in the price as an xmas present ? thats something that i dont want to happen  . my buying ability is not working anymore . i hope the guide of the op wasnt accurate because itl be a bad xmas present for me if that happens . you have bought some and you can still sold them for profit when btc reach another thousand dollar again .

i never see btc dump that much during the election period but it only rise and now that elections are over its price fluctions are also over . this is not bad for me . i hope it can sustain this stability till the year end or better if it can add some

Who would know that we will come unto this current situation? if many would know the future for sure many of us bought when the price got more cheaper but as always the human mindset which been afraid for some  certain short comes on the market make us worried that's why we doubt to buy when the market is bargaining some coins. But we can still react and buy at this price  since there are still  chance that we can earn.

That would make a nice Christmas present. Let's hope your guide is right. Looking where Bitcoin is priced now, I regret not being more reckless when it was priced at $5,800 mere months ago.

Surprise to the downside is not anything I've heard or read elsewhere, hence the surprise part I guess however I did just hear a bearish take just now.   Obviously theres always a full scale of probabilities and we're all aware of the bias and the current news is basically known/resolved at this point within the price.

So heres a quote mentioning $5,800 on possible downside https://youtu.be/YWcyiWY022o?t=6302
Somebody I've followed for years and trades all markets etc.  or I'd not post it especially

13800 break to 9400 support leading to possible 5800 though improbable.   I only caught the end of the vid just now but I'll go back and watch the long form, thought I'd post on the one bearish thread still standing for your benefit before I lose the link.


Im not negative on BTC overall but I do believe volatility is out of control and not attributable to any one factor at this point or especially reversible by alteration of political heads or whatever, we will have sharp turns and as a trade I'd like to realise or at least avoid being the wrong side of it if feasible.

If there is any downside it won't be anytime soon, there was a HUGE try for a sell push by the short future holders and there was a lot of sellers, we went under 15k and there was nearly a 5%+ fall, yet all of that was recovered in few hours back to over 15k once again. This is why I do not think that we are going to see any fall anytime soon, we are definitely going to see more big increases coming soon, not only because I think it could go up but because I believe there is no more sellers that believe price will fall.

When you convince sellers not to sell because price won't go down, you are handling something very important, that is at least half of the situation if not more, only thing left would be convincing buyers to buy because it will go up and that is already here anyway.

But knowlng all that, shouldn't that supposed to be priced in by now? The markets move upwards or downwards because there's information that's not reflected in the price yet.

Theres no momentum to the down side to be calling for price to push past 200 day average.  Its fairly unlikely to occur this year, it could develop and then occur next Jan or Feb but I wouldnt figure on it just yet and so far we just have expectations very bullish upwards and it takes time to snuff out the candle of optimism before a bigger move down.


12k is 50 day average and nearby 11500 is about the recent range down, that would be a normal reset type situation and then some will speculate upwards again.    9000 would be the lows of May this year which is a heck of a bigger reset, like pushing a balloon under water it takes some energy to be moving price beyond its natural levels.    I'd just say it takes time or alot of energy, take the benchmark of the virus unfolding Feb into March and that was a fast move as it had an uptrend break and suddenly free fall; capitulation basically.

I'm not sure how you would correlate the US Election directly to the price of BTC. As you can see, Joe Biden had tweeted this


It seems that he knows it exists but probably not in his top priority list as before. He seems to have yet to show what kind of side he will be with BTC. For now, we can rest assured that it's not, however, in danger of anything, but for other government officials, that might be a different story.

I don't think a few hours of positive funding explains it. In fact, we can see funding was flat at 0.01% for days until yesterday's dump happened. Then the rate spiked near 0.06%. To me that indicates Bitmex was following spot (not the other way around) and that Bitmex traders were heavily buying the dip on leverage, not the top.

https://coinalyze.net/bitcoin/usd/bitmex/funding-rate-chart/btcusd_perp_fr/

The Fear & Greed index hit 88 yesterday, now at 82 after that dip. I wonder how high it can go before a more significant correction.

https://alternative.me/crypto/fear-and-greed-index/

Jut says, congrats to Biden a new administration of leadership.

Just nope my friend. Been here for a long time. That's not how the game runs here. You have to know that Bitcoin doesn't rely upon with the U.S and will never be.

The election has really had an effect, yes. But it would only be fractional. You guys don't need to overthink that way. The only thing that will affect bitcoin is the extinction of humanity. So don't you worry. The moment is already there, we just need to support it.

I disagree that it was related to elections all that much, I mean it was definitely related in some ways but it wasn't "directly" the same thing, because let's be honest the stance of Biden and Trump on bitcoin are not really that different, there should be nothing that changes what is happening with either of them being president, so why would it go up when the results are declared or go down when one particular candidate wins?

However there is always something going on when there is this type of big election and that is just how things are, even if we are talking about small affects it would definitely change things, just not this much. I would attribute the first initial small increase to elections but I wouldn't say all this insane increase was due to elections, only small portion of it.

What you said did happen .
It already changed everything. The price of Bitcoin went down like you said.

After all, it is already expected that Biden's victory will make the market go down or at least consolidate. You said that November 7th is the day to sell our Bitcoins. For short term traders yes but for long term ones, I don't think that they will do it. Like me, they have a much higher target.

There is no reasonable explanation why Bitcoin is flying high? I can answer that in just one word.
Emotions .

How you checked the charts today? It already broke the $15K support and went down to $14.3K or so. In a span of 6 hours it made a huge $1000 move. Now it could be related to Biden winning or just a coincidence. Most likely 99% chance that Biden would win anyways so I don't think this has a large effect really unlike last Tuesday.

I think the reason why we lost $1000 in a short span is most likely due to over-leverage longs are usually. We kept climbing for the past couple of weeks and all was well, we had negative funding or flat funding. But a few hours ago we started to get positive funding and this explains the massive crash we just had. Most likely its the bottom of the dip and we should break $16K next.

Biden has won but the bitcoin prices fall to 500$ till now. It still holding the 15K support but if its broken it may fall freely to 14K.
Why is the bitcoin price not going up after Biden win or perhaps he have to wait more.

In fact, I think this emphasis on market capitalization causes people to underestimate how easy it is to pump BTC. If Bitcoin has a 6.67x smaller market cap than gold, people assume it must be 6.67x easier to pump, right? But actually, its historical gains compared to gold are exponentially bigger than that. It's not market cap that dictates price. It's supply and market depth.

And during a bubble, everyone collectively pulls their asks from the book and refuses to sell. That's a phenomenon that market cap can't really address at all.


The Trump administration cared enough that the FATF (which is just a US puppet organization) rolled out crypto regulations last year. I think there is an argument to be made (I remember theymos touched on it a while back) that Democrats are more likely to tightly regulate and try to control crypto than Republicans. Neither are "good" for crypto though, certainly.

Saying that it will dump to 9000 because of the election just stupid and proves that OP has no idea what makes or breaks bitcoin uptrends.

Uptrend did not start because of the election and the price held steady at 11 thousand for months before it went up and before the presidential campaigns launched. US presidents had nothing to do with the uptrend that  took us from 10 thousand in September to 11 thousand in October. The whole world trades bitcoin not only US citizens.

Bitcoin oftn goes up more than it should because of FOMO. We went from 11 to 14 thousand following Paypal news and beyond that because of FOMO so there's a chance we'll go back there to retest it.

The rule is that strong resistance turns into strong support after being broken so even going to back to 10 will prove to be hard and not very likely to happen.

Well, this perhaps not is related, but someone just placed a 5 million dollar bet for trump in the election.
It only means that the U.S Presidency election is very influential with the decisions of the people in the community of Bitcoin. But for me, after this election, the Bitcoin would increase no matter what would be the result. People love to play win and lose games. But still, -- in the end, they will still give their yeses. That applies to bitcoin. People will buy bitcoin no matter what the results will be.

I see a lot of supporter of Joe Biden and supporting him via donation's of cyrptocurrencies some of them are sending funds for his campaign, no one knows if it will be a there's a chance for a good pump or impact for bitcoin when the election is done, however if someone will introduce this kind of currencies and will be known for all citizen that live on U.S coz not everyone is using bitcoins, and some people still believed that crypto currency is still "SCAM"

The history of the Bitcoin price when the US Election was held there was indeed a pump and dump,
many whales tried to manipulate the market, yeah since the election of Obama and Trump, the Bitcoin price went up,
if Biden wins, I think the Bitcoin price will also go up again, and that's for sure

Pump 'n' Dump is a rather emotive term for what is happening and not really true. During times of economic uncertainty, like the US elections, a lot of money will be flowing around as asset managers try to diversify money into different assets. If they thought gambling companies might be effected by Biden becoming president, then they start selling stocks in gambling companies and look for another asset that can hold their money in the short term. The natural definition of a pump'n'dump is a malicious act that misrepresents the value of an asset in order to drive up the price, after which people who own a lot of it dump for a profit. However the price of Bitcoin is currently a side effect of money getting reallocated or placed into a holding type facility. There is also an element of FOMO taking place, where a lot of hype actually ends up snowballing the price higher and higher.

Here's a reasonable explanation - institutional investors are FOMOing, based on previously established momentum from bullish news like PayPal adoption and Microstrategy and other companies using it as reserve asset. Stocks and traditional markets aren't doing well, so institutional investors decided to look for alternative options, and Bitcoin happened to be bullish, so now it's even more bullish. The US election explanation actually doesn't make sense, because Trump or Biden - it changes nothing, they both don't care about Bitcoin and aren't going to ban it or support it.

This is the most strange reason of bitcoin pump i have ever come across. How can a single coin have so much impact when its total market cap is only $4,200 USD ? Bitcoin will never pump or dump because of any altcoin and this INX has the Rank 2286 in coinmarketcap. 

Traders do that. Holders simply relax and do nothing. It worked for them for years and will work in the next couple of years. As a trader yes you can double your Bitcoins, but you can also have them.  Remember that Chinese president announcing that whoever call Bitcoin a fraud will be put in prison. Bitcoin went up 20%. few weeks latter he said he meant blockchain and not Bitcoin and price went down 20%. Both was totally unpredictable and  any trader could be on the bad side of the trade. So losing 20% and 20% of your Bitcoins. No thank you!

In addition, on times i do read up with these kind of speculation i do say:



We can connect all the dots but sometimes it doesnt really make sense but we do have our own point though.

 bitcoin is a small asset well under 300 billion value.

Gold for instance is more than 2 trillion in value.


What does this mean?  It means moving the price of the asset is less costly than moving the price of gold.

Here in the USA different companies stand to lose if Biden wins and different companies stand to lose if Trump wins.

So If you are a big oil company or coal company that may lose billions in case of a Biden victory how do you hedge.

hmm gold, silver, platinum, palladium they work hmm lets buy some BTC.  The company hedges some profit into all this items.


Okay other side of the coin you are a big solar company you stand to lose if Trump wins what do you do?

hmm gold, silver, platinum, palladium and some BTC.

Since the total values of all the metals are far bigger then the total value of BTC. they move upwards but slower than BTC.

This will continue until the election is finally settled in December by the supreme court.

It is no more complicated than this.

Other then a lot of people are hedging with BTC beside oil and solar.

We do have our own will to presume things up but are you sure that this current presidential election is the main driver on why we do hit up this level? It maybe yes or not
but to say that people should sell before the election ends then that is one of the decision for ones to made.We cant tell if it would dip down or would remain.
To think that we do have also some bullish news here and thats on Paypal topic. Right?
If people do have the same perception just like you then they do always have the freedom to sell out but be sure not to regret when the market price tends
to shoot up even more in later time.

Not sure why OP thinks BTC would dump due to a Biden win. I mean I get that Bitcoin does well when the USA is a sinking ship, and Biden winning will stop that, but I don't see BTC dumping for this reason. Markets are in general soaring right now at the idea of America having actual leadership again (and for stocks combined with the fact that Republicans will keep the Senate which means no tax reform so companies get to keep paying barely any taxes).

When (not if) there is a correction from here, it won't be because the US elections have been finalized, it'll be because Bitcoin just shot up $6000 from the recent correction and people will be taking profits so it'll probably drop back down to $11000s or $12000s which is the the place bitcoin was stabilizing at before the last correction to $10,000.

Also its very obvious Biden is the winner at this point. He's got PA wrapped up now which is game set match (in the lead there now and the last couple million votes have gone heavily toward him so his lead will only build as the final votes come in). Media sources will probably call PA for Biden by the end of today but we already know its over. If BTC was gonna dump due to Biden winning it would've happened two days ago (instead of doing the exact opposite and pumping hard) when it started to look very likely Biden would win.

Biden saves America from sinking into a tyrannical North Korea-like failed state, but it doesn't magically unbankrupt America (20-something trillion in debt, trillion dollar deficits before pandemic, collapsed economy and raging pandemic that will take lots of time and lots more debt to get out of, massive income inequality, too low taxes to invest in itself sustainably, unsustainable military spending, rising inflation, etc). Those are the American "political" things that guide Bitcoin's growth (among of course many other much larger factors like halvings, supply cap and demand, institutional investment, fundamentals of bitcoin tech, other geo-political events from around the world, continued integration by tech and payment companies, increasing public acceptance, and FOMO), and not so much who the American president is.

Let me understand this, BTC is going up because all polls suggest Biden will win, but once he wins bitcoin will go down because....
You should dig down in your conspiracy pile and come out with a theory of why is Biden both good and bad for the price.
And the 9k, yeah right! I'm not going to ask where you pulled that from!


Your logical prediction is that a shitcoin that was dead for a year is making the bitcoin marketcap go up by 100 billion?
Are you serious? This is the trigger?


Are you sure about this? I'm willing to bet that if we made a tour of the WO topic you won't find more than 1% that believed this.

Before the US elections, everyone including me expected bitcoin to dump but instead it started to rise high in the days of election. Now i do not think it will dump once the election results are finalized. However, bitcoin can still dump because it needs a correction before it make another big move but US elections will not be the reason for this dump.

I think it's sod all to do with the election. It's to do with Bitcoin's cycles as ever. Looks like we're at the beginning of something muscular and it has acted the same at this time of year and cycle in the past. It's not as if this is a shock move. The train has left the station election or not.

Actually it is $15,700 and not 600 mate,But yeah Bitcoin price is flying up to now stays at $15,400
Well change on what?the market price?or the Wall street will react more .Anyway at least we are now seeing the effect of US election and looks like Positive in crypto market.
Sorry any supporting proof about Bitcoin Dumping $9k soon?correction might happen but not low as that.

Why would that thing happen? I don't get it on why people relate the pump and dump on us election while Bitcoin is not relying on US economy? Maybe there are certain groups spreading some dude about it and maybe best not to listen on them. And if the dip would really came then it's time for us to buy and hodl for a pump.

It will continue until the Supreme Court decides who won.

Either guy will sue and go to court.  This should last until Dec 5-15

I believe Biden is already sure to win the race, shouldn't THAT make the market react NOW than wait until November 7?


What's the probability for Bitcoin to crash below $10,000? That's another golden opportunity to buy the dip.

You made a point here when the dust of the US election settles down then the price of bitcoin might likely plunge and dump, since the pre-election and during  the election there was a massive and unusual volatility in almost all USD trade-able pairs across all the market platforms like Forex, indices, commodities e.t.c,
A lot of people might have a divergent views that the recent pump in the price of bitcoin has nothing to do with the US election, personally I think there is correlation between the two, market moves based on fundamental news which are usually synonymous with a spike or pump in price of any trade-able commodities.
However I disagree that the dive or drop down will reach to $9K as speculated by the OP even before the election the price of bitcoin had been hovering above $10K and $11K, this year we had seen a significant growth in the price of bitcoin thus I expect the bullish rend to continue till the end of this year.

I do not think the US election is having any connection to the price of bitcoin, people can be getting confused because after halving, US election follows, it is clear that people prefer to buy bitcoin after halving, this could be the results of what is happening, and if we use that to conclude, it is very important to know that it will take time for this trend in the up price. Like this year 2020, do not expect any dump in bitcoin price. It is not caused by election, it is caused mostly by halving fomo people. But now, many trades are turning to margin and future trading, which is the reason why the price further continue to increase.

Result of the US election may not effect largely in bitcoin price. We may see a price correction soon but I don't think bitcoin price pump is highly related with US election. So I'm not expecting a large dump like this after the final declaration of election winner.

Actually the whole crypto marketcap is increasing now. It means people are investing large amount in crypto. That's why the price of bitcoin going up like this. Maybe those(INMAX) assets movement don't have notable impact in bitcoin price.

Although I don't deny that elections-related speculation (small pump and dump) may happen, you seem to have "forgotten" the facts that Bitcoin had a block reward halving this year and historically after halving a FOMO bubble has started (sooner or later). Also you have forgotten about PayPal. Also you may have forgotten than this world is bigger than USA.
So there are plenty of valid reasons for the pump, not only "the" elections.

pretty much there is zero rules for this

only thing that has proven profitable is to hodl money you don't immediately need in BTC - (only if you bought everything at 16k+, can you be on the losing side, but that is about to be trumped )

if it does tank to 9k, that will just give you more BTC for the monthly investment.

What is this? FUD 101? 

I thought that when Biden is going to win the price of bitcoin will go down? or
if Trumps goes for the second term, bitcoin will pump?

But it seems the opposite happen? So what gives?  It only means that there are no connection to the US election and bitcoin being pump, maybe we are just at the end of 2016 (there are similarities) and then eventual bull run next year 2021 (similar to 2017??)

Still don't see the connect for it pumping and the reason for it to dump by 7th November, i try to make a sense out of this sudden surge but can't quite understand it, i guess everyone is in the same dismay as to the reason while btc going crazy but most certainly it won't keep going up like this, better people decide when is the right time to get out, and 9k! i highly doubt it will go that low but lets see what happens in next days to come.

To be honest I don't want to associate the presidential election in the US, with the current rise in Bitcoin, Bitcoin is not only traded in the US, almost in all countries, that election in the US, by chance.

There are several reasons I think Bitcoin is moving this week.
1. Halved has spent the past 6 months which happened in May 2020, maybe it's time for Bitcoin to show itself.
2. There is one coin that is listed on one of the well-known exchanges, which has been removed, namely INMAX (INX), with the transactions of billions of assets that have been withdrawn by investors and traders, maybe all of these assets have been invested in Bitcoin.

For now that comes to my mind, this is my logical prediction, and I don't believe Bitcoin is going up as an election factor in the US.

Regardless of who are going to win, btc has gained momentum already and it's decoupling with traditional markets, hence its going on its own. As for the pump, if it nose dive to $9k, doesn't matter if you are here in the market for the long haul. Why not instead of converting your btc to Tether to hedge, why not just buy more during the dip and then continue to HODL?

I am long term for Bitcoin, there is no need to sell mine for this kind of reason.
It may affect the price of Bitcoin, but we can't say it is totally 100% the reason. I am seeing a price correction probably, because of this run of Bitcoin on having a price increase of around $1,000 for just a day.

There is no reasonable explanation as to why Bitcoin is flying high to $15,600 without referring to the US Elections.

Once Biden will be declared a winner via winning PA or GA or NV and AZ - this would change everything.

Probably Saturday, November 7 - is the day to sell your BTC.

If you hold BTC - best if you convert it to Tether (USDT) now and HODL coz BTC is going to dive so deep into the $9k territory once the US Election results are clear.