Bitcoin Breaks Record High After Election Surge: Is It The Peak Or Just Beginning?

Following the U.S. presidential election, Bitcoin has experienced a significant price surge. Data from PANews shows that by November 2024, the cryptocurrency surpassed its all-time high set in March 2024, marking its first true price discovery phase since breaking the $20,000 mark in December 2020. Analysts are closely watching whether this recent surge represents the peak of Bitcoin’s cycle or if further growth is possible. Historically, such transitions have been characterized by high volatility and profitability. This suggests a potential future for continued upward movements.