As the US elections approach Bitcoin nears its alltime high Whats next

Coin World Report:
Bitcoin bulls have recently shown strong performance, pushing the price closest to its all-time high (ATH).
With the approaching US election, the bullish sentiment remains.
October can be said to be a good month
Bitcoin [BTC]
There is more than one reason. This month, the momentum has been building up, leading to a major pattern breakthrough.
This outcome may set the pace for interesting price trends and new highs in the coming months.
After an impressive rebound in the first three months of 2024, Bitcoin formed a long bullish flag. This pattern has been unfolding since March, characterized by declining support levels and resistance zones.
BTC recently broke through the resistance line, successfully reaching $66,000 and continued to perform strongly above that level.
The bullish momentum in the past five days has confirmed the breakthrough and propelled Bitcoin to nearly its all-time high of $73,777. The recent increase peaked at 73,620 points.
The breakthrough of the bullish flag pattern finally occurred for the first time in nearly seven months. This also indicates that a significant bullish trend favorable to investors may occur again. In other words, Bitcoin is on the edge of price discovery and historical highs.
The next major Bitcoin catalyst
The US election is approaching, and the expected outcome is expected to have a significant impact on Bitcoin price trends. This became apparent in July when BTC’s sentiment was quite high based on whether the presidential candidates supported cryptocurrency.
Trump is currently considered the most pro-cryptocurrency candidate, which means that his victory could have a positive impact on Bitcoin prices. On the other hand, Harris’s victory may not bring similar results to BTC.
Uncertainty has resurfaced after the recent rebound. The price has shown resistance within the previous high range. More notably, on-chain data indicates that large holders have been taking profits.
The amount of Bitcoin flowing out of large holder accounts has recently surged. From October 26th to October 30th, the outflow increased from 0 BTC to 3,990 BTC. Meanwhile, inflows from large holders reached a peak of 2,020 BTC in the past 24 hours.
Read more:
Bitcoin [BTC] price prediction
 2024–2025
Despite this observation, the current sentiment suggests more bullish expectations for the future. The recent surge did not immediately trigger a significant increase in selling pressure, which proves this fact.
However, higher levels of volatility may occur in the future.