Why is Bitcoin price up today?

Bitcoin has entered the breakout zone of its prevailing bullish reversal pattern, now eyeing $300,000 in 2025.

Bitcoin (BTC) has risen by around 6.75% to reach a new record high of around $81,845 on Nov. 11.

BTC/USD daily price chart. Source: TradingView

Today’s Bitcoin gains are part of a broader rally across the crypto market, driven by President-elect Donald Trump’s supportive stance on digital assets and the potential for a pro-crypto Congress.

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