Bitcoin (BTC) has reached $70,000 and breached a crucial resistance level amid the U.S. election polls.On-chain metrics indicate a strong bullish sentiment for Bitcoin, with a high Long/Short ratio and increased open interest.Whales and investors are preparing for the election results, as large transactions by whales have surged significantly.Analysts predict that if Trump wins, Bitcoin could reach $80,000 to $90,000, while a Kamala Harris victory may see it drop to around $50,000.