Bitcoin price increased to approx modern all-time record, driven by the bullish sentiment generated by The Donald Trump effect after the just ended US presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, gaining sharply in modern ATH during that time.

Trump’s impact on the Bitcoin price

Crypto analyst Mags took to X (formerly Twitter). discuss Bitcoin’s bullish reaction to Trump’s recent presidential victory in the US elections. According to the analyst, when Trump last won the presidential election in 2016, the price of Bitcoin increased by 2,700% and peaked in just 400 days.

Not only this historic run solidified Bitcoin’s position on the main market, but also highlighted the huge impact that specific political changes had on the value of the cryptocurrency. Mag’s analysis shows that Trump’s return to the White House after winning the last US presidential election could become a catalyst for another bullish wave for Bitcoin.

The pioneering cryptocurrency is now available huge price enhance after Trump’s victory. However, the analyst predicts an even higher bullish outlook for Bitcoin. Mags revealed that if history repeats itself in this cycle, then Bitcoin could peak around December 2025 or sometime in the fourth quarter of next year.

In 2026 Bitcoin price was between $145 and $215. But after him Trump-triggered rally in 2018, the cryptocurrency skyrocketed to $16,000. In contrast to this historical 2,700% enhance, Mags forecasts a less excessive enhance in Bitcoin prices this cycle.

The analyst predicts that if Bitcoin experiences a modest 240% run this cycle, the cryptocurrency could see its share the price reaches its peak approximately $250,000. Mags emphasized equality bigger price jump on its price chart, suggesting a potential upside towards $420,000.

Following the bullish predictions and analyzes of analysts Future Bitcoin price movementsmany members of the cryptocurrency community had different perspectives. One member revealed that if Bitcoin saw half the growth it saw after Trump won in 2016, Another peak in cryptocurrency prices would be “huge.” This would represent a 1,350% enhance, pushing the Bitcoin price to around $1,215,000 from its current value.

Another cryptocurrency insider took a more realistic approach, revealing that a 2,400% enhance in Bitcoin’s price is impossible at current levels. However, a $250,000 price enhance was a more likely macro target for the cryptocurrency.

BTC peaks at ATH above $93,000

According to market intelligence platform Santiment, the price of Bitcoin has changed crowned at a modern ATH of approximately $93,490. This massive price enhance is attributed to the growing buzz on various social media platforms following Trump’s victory in the concluded US presidential elections.

Considering how rapid and powerful he is Bitcoin’s bullish momentum is growingSantiment revealed that the most crucial indicators indicate future price increases above $100,000. At the time of writing, Bitcoin’s price has fallen slightly to $89,763 after rising about 20% in the last week.