Bitcoin is nearing record highs

Bitcoin is nearing record highs, supported by the likelihood of Donald Trump's election victory, given he is considered a proponent of digital assets. Experts believe that a strengthening of the Republicans' position will support Bitcoin, while a Democratic victory may trigger a sell-off of the asset.

Technical Analysis of Bitcoin

Technically, the price of Bitcoin is testing an all-time high, the breaking of which could provoke sellers to close short positions and trigger a spike in quotation growth. Its duration will depend on the actions of traders and investors, as well as the accompanying informational background, as a financial analyst.