Bitcoin surged to an all-time high of $75,358, rallying 7.23% in a four-hour candle following Donald Trump’s presidential election victory on Nov. 5. Analysts predict that BTC could reach $110,000 in the coming weeks, supported by a classic cup-and-handle chart pattern and significant trading volume increases. Titan of Crypto, an independent trader, highlighted that historical bullish patterns suggest a 54% average profit post-breakout, with the current conditions indicating a potential 47% return on investment. Concurrently, trading volumes reached a three-month high during this rally, previously seen during downturns that led to significant price recoveries. The Bitcoin Coinbase premium index turned positive, signaling renewed demand from U.S. retail investors after a period of selling. This recovery in the Coinbase premium, along with positive spot volumes across exchanges, indicates heightened market activity as investors anticipate further price increases.

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