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Bitcoin Price Spikes Higher On Election Day Uncertainty, Aims For $14K

Bitcoin price has remained resilient in the face of plenty of negative news, and not even the uncertainty and anxiety surrounding the pivotal US election can dent the cryptocurrency’s ongoing bullish momentum.

Even with investor emotions running higher than ever today, the leading cryptocurrency by market cap won’t stop climbing and is once again heading toward $14,000 in a fury. Will this time Bitcoin hold above the resistance level?

Election Day 2020: Bitcoin Aims For Yet Another New Yearly High

Bitcoin price just blasted above $13,500 and is now well above $13,750, attempting to break back above $13,800 and make another attempt at holding over $14,000 where a higher high was set just days ago.

The leading cryptocurrency by market cap is beginning a bull market, and once the election is over, it could be clear skies for the cryptocurrency.

bitcoin election day pump

Bitcoin rallies with more momentum than either candidate did during the election lead-up | Source: BTCUSD on TradingView.com

And even with election day uncertainty in the air, the crypto asset continues the rally that has made it the best performing mainstream asset in finance for the entire year.

Related Reading | Bitcoin RSI Moves Into Bull Market Territory, Here’s What Happens Next

Regardless of the outcome, Bitcoin’s momentum won’t likely be stopped any time soon.

Featured image from Deposit Photos, Chart from TradingView.com