Republican

Donald Trump

Bitcoin

After tapping the bottoms multiple times, the Bitcoin bulls have constantly pushed the price. As a result, the price has formed a new ATH at $75,000, which was largely expected. The rally has been fueled by the ongoing U.S. election results, mainly due to Donald Trump taking a lead against the Republican opponent, Kamala Harris. Trump is believed to have a positive perspective on the crypto space and hence the markets and the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">BTC price</a> are believed to trigger a bull run after his win.&nbsp;   
Bitcoin hits $75,000 after having a bearish start for the month. How high will the BTC price rise this bullish season? Will it reach $100K following a Trump victory?   
As mentioned earlier, the Trump victory is expected to be a major catalyst for the upcoming bull run, as market veterans and analysts believe the token may embrace major moves. However, the possibility of a BTC price cooling down after the current move is expected as the rising buying volume takes a break.&nbsp;   
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In the past few hours, Bitcoin witnessed a huge influx of buying volume that pushed the price towards a new ATH. A similar rise in the volume was recorded during the first week of August but it remained in favour of bears that slashed the prices by 16.57%. Therefore, the recent rise of over 9.5% suggests there could be more room to rise. These high-volume candles often mark pivot points in the market, especially in rangebound conditions.&nbsp;   
Meanwhile, the BTC price is yet to rise above the trend line in the short term, which suggests a major run could succeed once these levels are achieved. The next level to watch is around $80,463.21, which may lead the Bitcoin (BTC) price to form a new ATH at $82,752.24 at 1.2 FIB in a short while from now.&nbsp;

Bitcoin Hits $75,000 as Donald Trump Ahead in Race to the White House: Here are the Key Levels to Watch

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