Golden Finance reports that Bitcoin has set multiple historical highs this week, but shows no signs of 'overheating'. Several analysts point out that some fundamental factors suggest Bitcoin may rise further. 'From a fundamental perspective, the market does not appear to be overheating,' said Alex Thorn, head of research at Galaxy, in a market report on November 7. Crypto analytics firm Nansen analyst Aurelie Barthere also expressed a similar view. 'Bitcoin breaking historical highs on high trading volume is a clear sign of sustained positive momentum post-election,' Barthere explained in a market report on November 7. Barthere noted that after Donald Trump won the U.S. presidential election on November 5, traders began to 'take risks again', which was reflected in the recent upward trend in the crypto market.

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