#Bitcoin had a very strong weekly close reflecting robust bullish momentum as it continues to perform well in the market particularly as the election results unfold. From a technical perspective, the price is currently retracing to a key H 4 support level, which is a typical and healthy market behavior. Such pullbacks are often seen as a natural part of an upward trend allowing the market to consolidate before potentially resuming its upward movement. This retracement is likely to provide an opportunity for further upside if the support holds reaffirming the strength of the ongoing bullish trend.

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