Bitcoin F&G: 74
Price: $67,500 or £52,500
Hashrate: 760 EH/s

Bitcoin continues to dip as the upcoming US elections weighs heavy on the market. From a personal viewpoint, it provides an important last buying opportunity, not least because of the following chart provided by InvestAnswers:

What this means is that if this trend continues, then bitcoin, after this election, may never be bought again for less than $70k or £54k. I am also of the opinion that once we surpass $100k then that will act as a mental floor for the market as a whole. Meaning that it may be quite hard for the market to drop below this floor, and that if we do, it will present a massive buying opportunity for a lot of people and therefore it may not stay there for long.

But that is just my opinion. All eyes are going to be on the election over the next couple of days and it will be interesting to monitor the F&G & hashrate over the next week or two when the results are in. Personally, I think the winner of the election is irrelevant to Bitcoin in the long run as it will continue regardless, but it is true that it will have some short term impact. This is what traders are in the job of trying to work out, so I will leave it to them and report on the market as it is.

2025 could be a big year for Bitcoin, and we may not have long left before the opportunity buy BTC below 100k is gone forever.

HODL.