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Bitcoin has continued its upward momentum in the past week, reaching a high of $69,586 in early trading on 21 October. As it approaches the $70,000 mark, we will see the first real resistance test for BTC, a level last seen during the Nashville Bitcoin Conference in July. A strong correlation between Bitcoin’s price action and Donald Trump’s election odds has been observed, with the cryptocurrency market showing increased sensitivity to political developments as investors gauge the potential impact of a Republican win on future crypto regulations.