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<ul class="wp-block-list"> 
 <li>Bitcoin price has factored in a modest price drop of 1.99% in the last 24 hours.&nbsp;</li> 
 <li>The cryptocurrency’s daily trading volume has also dropped by 8.99% as per CMC data.</li> 
</ul> 
This year has marked its place in Bitcoin history with one of the most significant rallies. Cryptocurrency has become a familiar word, reaching new corners of the world as eyes turn to the US post-elections. Meanwhile, President-elect Trump continues making moves on the regulatory end, fostering innovation and growth.&nbsp; 
The largest cryptocurrency, Bitcoin ended its two-day streak of upward movements with a modest price dip in the last 24 hours. Other altcoins such as <a href="https://thenewscrypto.com/ethereum-bulls-eye-4k-milestone-as-momentum-builds/" target="_blank" rel="noreferrer noopener">Ethereum</a> have also reflected this drop.&nbsp; 
BTC’s daily price data shows a 1.99% price drop factored in by the digital asset. This price cycle began at $88,838 on November 12 and rallied to a new ATH of $89,956. At the time of writing, Bitcoin was trading at $86,647 as per CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>.&nbsp; 
Zooming out, over the past week, BTC price accounts for an 18.01% increase. At the week’s beginning, Bitcoin was trading at a low of $72,733. It’s weekly high, also the new ATH, can be expected to hit $90K in the coming days.&nbsp; 
On inferring its Volatility Index, Bitcoin shows signs of settling down after high price fluctuations. Its RVI has receded to 47.39 dropping from 83.34.&nbsp; 
<h3 class="wp-block-heading" id="h-what-factors-contributed-to-the-bitcoin-price-bull-run-nbsp">What Factors Contributed to the Bitcoin Price Bull Run?&nbsp;</h3> 
On inferring Bitcoin’s price movements, it exhibits an ascending channel pattern. This pattern usually suggests a bullish trend and further upward price movements. Additionally, the cryptocurrency’s bull power indicator value stands at 1.17, while the bear power indicator value stands at 0.83.&nbsp; 
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 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc-mLzO6ZtZnwCxXXVhFPCuQAc24mR450GtHnlnlEbUWUQMQDyuh2K7vDOqpR92BvhsCdWa6Yys5w4dE3Znv77S1GtPe0kqF0p5xlOnDqxlVZ0YQdaFFdSqu67450aq-gR0KQTIng?key=aoXGdzlkS5--YpEkP7HBEPjg" alt="">
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</div> 
These indicators confirm the bull run, which was initiated for several reasons. Firstly, one of the major contributions was the US election week. <a href="https://thenewscrypto.com/donald-trump-begins-pro-crypto-actions-with-sec-candidate-examination/" target="_blank" rel="noreferrer noopener">Trump’s</a> victory due to his pro-crypto stance propelled the token further to new highs. Other external factors such as Institutional movements and further the Q3 aspects also influenced its upward momentum.&nbsp; 
Meanwhile, the founder of the non-profit organization Satoshi Educate, Dennis Porter <a href="https://x.com/Dennis_Porter_/status/1856422125151662352" target="_blank" rel="noreferrer noopener nofollow">posted</a> on X that there is an important Bitcoin-related update from the US coming out. He stated that it would be announced in the next 48 hours.&nbsp;

Bitcoin Price Steadies at $86K Post Bull Run Hitting $89K Milestone

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