Bitcoin price has risen to $62,000 and is expected to enter an upward trend.

Bitcoin price has re-surpassed $62,000, analysts believe that the worst selling wave may have ended, with the current trading price at $62,550. Ben Simpson, the founder of Collective Shift, stated that a "local bottom" for Bitcoin has formed and is expected to enter an upward trend. eToro analyst Josh Gilbert pointed out that the increased probability of Trump's victory is one of the key driving factors for the rise in Bitcoin price.