bitcoin quick rise notes

Bitcoin just hit an all-time high, topping $75,000, and it’s buzzing due to early U.S. election results showing strong odds for Trump. This “Trump trade” momentum has spurred a surge, with traders anticipating his potential pro-crypto stance as a win for the sector. Additionally, Coinbase saw a Bitcoin premium, reflecting high U.S. demand, and $94 million in short positions were liquidated, adding fuel. Analysts are watching key resistance around $73,500, with eyes on institutional and retail buyers jumping in as well.

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