Bitcoin ( BTC-USD ) prices are set to fall 2.12% on a week on week basis, sticking to a narrow trading range in the period. The world's oldest cryptocurrency on Monday hovered around the $70K threshold, but was not able to break into it. Since then, BTC has largely stayed below $69K and went down to $66.6K. "BTC was again rejected at the $70,000 level this week but continued its positive uptrend from the September lows. Analysts expect higher prices but more price volatility for Bitcoin leading up to the U.S. elections next month," Nick Ruck, Independent Market Analyst, said. Meanwhile, altcoins have seen more sporadic behavior as DeFi tokens have continued a generally bearish trend while memecoins have taken much of the attention and liquidity from traders, Ruck added. Bitcoin ( BTC-USD ), like the broader U.S. equities markets, is widely expected to see increased volatility in the run-up to the U.S. presidential election. "Bitcoin appears to be waking from its long slumber and breaking higher against its downward channel and looking to challenge the ATHs as we head into the elections," said Augustine Fan, Head of Insights, SOFA.org. With the focus on the U.S. election results being front and center, the most positive outcome for crypto would be a Trump win along with a Republican sweep (of House & Senate), allowing the Trump/Vance endorsed digital asset reform plans to have a realistic chance of passing through congress, Fan added. Some analysts have turned bullish for Bitcoin's ( BTC-USD ) prospects, and expected the cryptocurrency to break out of the current trading range. Over the week, BTC traded between $66.6K - $69.5K. The next big bull run in Bitcoin is underway, with targets between $180k-$300k once new all-time highs are achieved, said Seeking Alpha analyst BullBear Trading . Technical indicators show Bitcoin has plenty of upside potential, with weekly and daily RSI levels indicating room for further growth, said BullBear Trading and added, "Short-term resistance may occur around $72k-$74k, but beyond that, Bitcoin has a clear path for a strong bullish advance." Notable News TeraWulf ( WULF ) said it intends to offer $350 million aggregate principal amount of convertible senior notes due 2030 in a private offering. The firm also approved a share repurchase program authorizing the company to repurchase up to $200 million of its outstanding shares. With the 2024 U.S. presidential election approaching, crypto exchange Coinbase's ( COIN ) near-term outlook is increasingly tied to the election outcome, B. Riley Securities wrote in a recent note. Infrastructure payments firm Stripe ( STRIP ) has finalized a deal to acquire startup stablecoin platform Bridge for $1.1B. Core Scientific ( CORZ ) said that CoreWeave, has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt hosting contract entered into with CoreWeave on June 3, 2024. Bitcoin, Ether prices Bitcoin ( BTC-USD ) down 1.71% to ~$67.10K at 3.05 pm on Friday. Ether ( ETH-USD ) down 2.57% at $2.47K. More on cryptocurrency Bitcoin: The Path To $117,000 (Technical Analysis) VanEck Mid-October Bitcoin ChainCheck Paul Tudor Jones on inflation hedges: Long gold, bitcoin, commodities Paul Tudor Jones sees Treasury selloff, with debt to soar under either Trump or Harris
