Bitcoin is currently experiencing a significant rally following the Trump election win, pushing the price up to test the $90,000 resistance level. In the short-term timeframe, Bitcoin is forming a bull flag pattern.
This technical formation suggests a potential continuation of the uptrend. If Bitcoin successfully breaks out to the upside, the measured move could propel the cryptocurrency's price to the $100,000 mark, indicating a continuation of the bullish momentum.
Source: cryptodaily.co.uk ↗