#BitcoinBreaks$71,000! 🚀

Bitcoin prices solidly broke through the $71,000 mark early Tuesday as traders are optimistic about the upcoming US election. Analysts point to election-driven momentum, strong technical indicators and elevated derivatives positions as a positive sign for Bitcoin prices.

In addition, the “Trump trade” narrative and favorable seasonality in the fourth quarter are creating a perfect storm for Bitcoin. Despite the potential for price volatility ahead of the election, there are exciting times ahead.

The options market also reflects the bullish outlook for Bitcoin, with call options positioning suggesting that prices could rise above $80,000 by the end of the year. What do you think? Discuss in the comments!