Bitcoin has achieved a remarkable milestone, crossing $73,800 and setting a new all-time high. The cryptocurrency briefly reached $75,080, a significant increase following an 8-month-long period of bullish trends.
This surge aligns with the ongoing US elections, as Donald Trump takes the lead, potentially influencing market confidence and investor sentiment.
The current trading value is around $73,500, as the cryptocurrency has rallied over 8%, crossing a crucial 100% Fibonacci level.
Furthermore, a golden crossover pattern has formed between the 50-day and 200-day moving averages, suggesting potential continued upward momentum for Bitcoin prices.
