BTC’s breakout has the market in a state of euphoria, QCP Capital said.

Chart studies reveal that BTC’s price rally appears overstretched and could be primed for a classic “bull market pullback.”

Weekend pumps are considered bullish because they indicate broad interest and participation from smaller investors rather than just institutional players.

Trendline drawn off BTC’s April and November 2021 highs signals resistance at around $90,000.

Trump’s return to the White House has powered DOGE higher by 15%.

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME.

The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.

Whether Kamala Harris or Donald Trump becomes U.S. president probably won’t dictate bitcoin’s price growth.

While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.