Bitcoin is trading in uncharted territory, potentially approaching a six-figure price for the first time in history following Donald Trump’s victory in the United States presidential election.

Bitcoin (BTC) price surged to a up-to-date high of $82,410 at 10:19 UTC on November 11 on Bitstamp data can be seen.

However, according to Ryan Lee, chief analyst at Bitget Research, this may only be a stop for the Bitcoin price, which is expected to exceed the $85,000 mark in the next week.

Lee told Cointelegraph:

“This week, we expect BTC and ETH volatility to continue to increase, with potential breakouts to the upside followed by quick corrections. The expected range for BTC this week is $76,000 to $85,000.”

Trump’s election victory has increased investor appetite for risky assets such as Bitcoin.

The Republican president-elect could put Bitcoin on track to break $100,000 before the end of the year, Bitget Research’s lead analyst previously told Cointelegraph.

Related: Two Bitcoin whales buy $142 million worth of BTC after Trump’s victory

The options market suggests powerful Bitcoin investor sentiment

Although some analysts argued that Bitcoin’s current rally lacked the fundamental macroeconomic conditions to reach an all-time high, BTC has continued to rise since Trump’s victory.

Options markets, or “relative prices of calls and puts,” also indicate powerful investor sentiment among Bitcoin holders, Lee explained:

“BTC call options have become much more expensive than put options, showing a strong bullish bias and some degree of market consensus for further upside moves. This week, we expect BTC and ETH volatility to continue to increase, with potential breakouts to the upside followed by quick corrections.

On November 11, Bitcoin also surpassed a record market capitalization of $1.6 trillion as the price breached a high of $81,000.

Related: A Trump presidency could bring SEC reform and pro-crypto regulations

Ether price surges above $3,200, boosted by Bitcoin’s record high

The price of Ether (ETH) may also benefit from Bitcoin’s recent bullish moves.

Ether breached the $3,200 mark over the weekend, boosted by Bitcoin breaching the psychological $80,000 mark.

Bitcoin’s continued rally suggests more upside momentum for Ether next week, Lee said. Added:

“ETH is expected to trade between $2,800 and $3,500. Users should exercise caution when using leverage and consider taking profits immediately based on market conditions.”

The price of ether rose 29% on the weekly chart, surpassing Bank of America’s market capitalization by about $40 billion as it surpassed its market capitalization of $383 billion.

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