Bitcoin has recently surged to a record high of nearly $80,000, driven by President-elect Donald Trump's support for digital assets and the potential for pro-crypto lawmakers in Congress. On Sunday, the cryptocurrency rose by 4.3% to $79,771, approaching the $80,000 mark. During his election campaign, Trump pledged to position the U.S. at the forefront of the digital asset industry, proposing initiatives such as establishing a strategic Bitcoin reserve and appointing crypto-friendly regulators.
Generally, the direction is uptrend
Uptrend Side: The price continues to exhibit strong positive momentum, indicating upward pressure. A resistance level has formed at 79.933; if this level is successfully broken, the price is likely to rise further, targeting 84.458 and potentially reaching 90.000.
Correction: We will face the correction, may be until the support of 75.911.
Downtrend Side: the price should fall until below 69.002 and break the support of 66.674.