Bitcoin's price has surged over $63,000, marking a 17% increase since a decline last Friday. Key drivers include Trump's increased election odds, Germany finishing its BTC sell-off, US dollar weakness, the end of Bitcoin miner capitulation, and technical breakouts. Former President Trump's assassination attempt has raised his election odds, potentially leading to supportive crypto regulations. Additionally, a weakening US dollar and the completion of Germany's 50,000 BTC sell-off contributed to the spike. Technical indicators like surpassing the 200-day EMA also signal a bullish trend for Bitcoin.