Bitcoin Surges Amid Political Shifts and Optimistic Forecasts

Bitcoin's price has increased by 0.71% in the last 24 hours, currently trading at $91,011. On the hourly chart, BTC is breaking local support at $90,900, suggesting a potential drop to the $90,000 range if the daily bar closes below this level. On a larger time frame, Bitcoin has bounced off resistance at $91,846, with a possible correction to the $89,000-$90,000 range if selling pressure persists. However, no reversal signals are evident on the weekly chart, indicating a potential test of a new all-time high if the candle closes near its peak.