Bitcoin's price has surged to $71,500, buoyed by optimism surrounding a potential Donald Trump victory, with betting odds favoring him significantly. Trump's commitment to retaining all bitcoins held by the US government and his vision of making the US a cryptocurrency leader further support this bullish sentiment. Technically, Bitcoin has broken out of a downtrend channel, suggesting a possible rally towards $100,000, with a critical resistance level at $73,000.