Topic: Why do speculators became so bullish with just a short time high price (Read 724 times)

I agree, those who have been patient for so long and waited for this moment have turned a lot of their patience into profits and they all deserve that. And they all know that this situation won't stick for so long and that's why if they are able to take some profits, they deserve it because no one will change the fact that for how long they did hoped for this to come, they will not going to miss this opportunity whatever plans they have set ever since. The attitude of others towards to the price increases of Bitcoin is also changing, when we see new ATHs, many would say that it's priced in and already expensive but then, when the price keeps on going and doesn't seem to stop, there goes another change of thought through it. That's why we always say that Bitcoin is unpredictable and we just have to adapt with its nature.

Mate you may have misunderstand my point of view when I mean short term I was referring to bitcoin speculators who are quick to speculate bitcoin going in a particular direction because of the short term bitcoin market actions without putting to check what the time ahead will bring along with bitcoin.

I think you thought that I what I mean is investors action being short term as investors is very wrong g amd can not give a guaranteed and consistent result, but when taking as a long term goal, that way one Is able to follow-up with all that comes through the market and it benefits on long term bases.

I think you are wrong for saying giving Bitcoin a long term target is inconsistent. It is even more inconsistent to give Bitcoin a short term target because you do not know what will happen in the short term than the long term.  Bitcoin is always going to be increasing in price therefore investing for the long term is always the best thing to do. The market might have some correction for the short term because of some negatives news or other things that does not favour Bitcoin but that would not stop the progress that Bitcoin will have for each halving year that becomes a bullish year. Bitcoin is going to be having a new highest price each bull market season and this works in your favour when you plan for the long term and not looking for quick profits.

I would say that there are people who have been waiting for this time for a long time so we have been quite bullish on this period and it would be something that will take a while as well. I can't say what it is going to take for it to get here, but we are going to see this changing for sure, it won't be that much of an easy situation.

I can see how things could change with time and maybe your opinion could change while you are waiting as well, but there are many people who have waited for too long for the price to go up, but when there are situations like this, then I would say that we can consider the situation more like impatient situation. That's the greatest asset we have, buying and buying, and we do that because we want to see it go up already.

Yes true, we are talking about a bigger deal and because of that I believe we are going to make a different approach to this situation as well. I understand that it may not look like it's a big deal, but I believe we are going to see some improvements as well. I can see why that may feel different to people, but acting so quickly is not really smart, even for a trader. Speculation is just talking, but short trading is actually making a move.

I believe we are going to see a lot of stuff change soon and those people will regret selling so quickly as well. I believe we can buy and sell, all we want, but holding is the real thing that will make us money, and during this bull period, the ones who hold, will make a ton of profit.

They will think that they can make a profit from the bullish. They can not hodl for a long term and makes them unconfident to hodl Bitcoin. They will give their prediction for the short term market conditions to the public but we must be careful and not trust them like that before we analyze more about their prediction. We don't have to believe their prediction but we can use their analysis to give us more info about the market situation. If we have skills to analyze the market, we will not rely on them but we will analyze by ourselves and search for when we can enter to the market.

It is a fact, what you say is very true, the news , everything that is generated in infromacion must be given special information, I am not one of those who lets yourself be guided a lot of the news because sometimes they usually have a message Almost that subliminal that we all understand, there are certain fundamental ones that are beunos and very Favorable spara a Bullish market , it is all those that are verifiable, such as Trump's when he won, however now the market is taken by its royal road , which which It should never be diverted, in this aspect much more expectation must be genrad with Respect to what is coming. I am not Pitoniso , in fact I am bad to predict how many types of Events , but there is something Guaranteed , that Bitcoin will continue to rise , and that everyone Knows.

That is the very definition of short term investors=speculators. That's why when we reach $100K, there were immediate sell-off from them. But for those who look at the long term and bigger picture, it's totally different to us.

We want to hold as much as we can and buy and accumulate. So regardless if there is a short time high price, we will move our position and not be affected by it. Instead, we look at the potential, as we could have been getting into more price, like $150K-$180K in the future and that could be our selling price, maximizing our profit's and it's going to be worth the long years of having HODLing mentality.

Yes, it's all a decision , everything depends on it, not only in trading but in any aspect of our lives, if we decide wrong then things will go wrong for us, or in case we are lucky then blessed be, sometimes if we know how to interpret a piece of news we can win , or simply lose because we didn't have the Necessary conviction to follow our plan, all these types of things have happened to me, and sometimes it's difficult to get wisdom because for me the market circumstances that exist now are very different from what the books teach us or what someone thinks , Sometimes it's Necessary to see many Opinions to have more knowledge and sometimes to Accommodate our Doubts.

The main reason is that speculators only know about the short-term market condition since they are knowledgeable enough to know that giving bitcoin a long-term target can be inconsistent and at that, there is a need to build a short-term trend analysis around the bitcoin market, much more also the fact that if a particular price direction is followers for more than 48 hour's, bitcoin speculators will start analysing the future market based on that particular direction.

Unfortunately the game has changed!!

When Bitcoin was known to a few folks...politics and everything around it mattered less, but today the players we have are politically connected or operate in a jurisdiction where politics could dent their brand positively or negatively hence Politics being a big factor.


Agreed...
Bitcoin responds to more than just politics..a hack for example can send price everywhere, a rant about crypto markets by a tycoon can have an effect on how BTC and other coins behave...it's a weird asset to be honest 

You could say that $100k is one of the goals, but not the main one, I would think that a goal would be to reach more or less the value above $150k, that is what I think the value should be , in this sense it is not bad at all that we are around $100k, it is an achievement that many did not see coming, we must take advantage of this price because it is something historic and can make the difference, if we set this as a goal then there will be many investors in the world who will sell at $100k and it is not worth it because the market will continue to grow and grow , what will those who were less believers say now?

Back into those previous cycles on which news and events arent really that giving out so much impact whether its negative or positive, not unless with those major hacking incidents on which this one really causes up some shake out on the entire market. Now that institutional funds is flowing into this market then most of fundamentals or news are really having that likely to give out some effect whether its negative or positive.This is why into those people who do really wanted to make out some scalping then they could really be able to take advantage with these kind of sentiments on which making it as their advantage.

If you've been here on this market for a while then you can be able to make those comparison in between on which this is really that something that having those differences in regarding about fundamentals or market news and events on which it doesnt really give out any effect. I do even remember that whenever there are some government bans and other aspects or correlated to it then it isnt really that much making a movement.

Time flies until this very moment on where we can be able to see that news now are making up some relevance about price movement. Traders or investors will really be basing up their entry and exits on which they will be checking out those news but of course not everything will really be basing up on fundaments or news on which we know that technical analysis will really be that still commonly used since not all the time on which this market will really be having these news and events on which you could be able to rely or check on.

Well, in this case it may be as you say, but we have to make something very clear, in this market as in any other, emotions make it move a lot and fluctuate either up or down, even when the emotions are massive, the market is so devastating.

According to what many say, they do not give the necessary credit to what happened, I repeat that, but we cannot hide the sun with a finger, we have to accept that sometimes this type of help in the market is needed, most of the fundamentals what they do is make prices go up, in this case it was different , and I hope it continues to be different but in a positive sense and that it is not confused with fomo.

Well it depends on the context, but here in crypto, we all know that positive or negative news really affect the market price, admit it or not. Just like when Trump won the election, we almost hit $100k right? So that's it, it's the US news, the catalyst for this market to move on a big uptick to almost 6 digits.

However, when we are swept by this stories, most of the time, it will settled down, so it's either you ride the wave, i.e sold during the $99k'ish and make profits, so wait for the price to go back down and buy and continue to accumulate although the price is really that expensive right now.

The thing is that we have choices and no one can tell us what to do.

It's a fact, I know that the Bitcoin community does not fully accept that it went up for that reason, some do not like to accept that this time politics made btc go up, and although bitcoin is not given by politics something very positive emerged, that someone influential in the world spoke well of btc, that alone is sometimes enough to make anything shine, in this case Trump did it, and fortunately things are happening in the best way, I hope this continues to last and that nothing stops it, because a lot has been expected for these moments that have been lived, I think all bitcoiners deserve it.

Mostly that's about elections and elections keep the price low, with 4 year cycle on the horizon, we know that we are going to end up making a lot more profit if we could make a quick profit thanks to Trump but even without him we would be making a good profit without a doubt. So, it shouldn't really be something that we care about all that much, it's not really that complicated at all.

So all in all, he is definitely a reason for it to grow this much, but he is not the only reason, do not give him 100% of the credit so it shouldn't really be a big deal at all. I am pretty certain that things will change from here until the future as well, we will keep growing and next time we grow I am sure that we are going to end up seeing people saying Trumps inauguration is the reason why the price went up, that's not the case, we are just growing.

From the beginning we thought that bitcoin would not go beyond $90K until the end of the year, but the effect of Donald Trump's victory changed quickly, where bitcoin managed to touch $90K more in the end now bitcoin is almost at $95K meaning a little more to $100K.

Speculators may be happy to see bitcoin moving so fast, we are happy as a bitcoin HODLer since the price is still below $30K and until now still maintaining it, if it is early to $100K then we have to wait for $150K for the next target.

The Trump’s victory has indeed started the bullish season for bitcoin. Not to mention bitcoin was struggling to reach even $70k in the previous months and many had concluded already that bitcoin will only hit $70k until year end, but btc price goes skyrocket all of a sudden after Trump’s winning the election.

This time, speculators made the right prediction. Not only bitcoin will benefit from it but the community itself who are very bullish about bitcoin, most especially those who have been patiently waiting when will btc price reach $100k new all time high.

I think that the trader who does not see that they have to become optimistic to make money is crazy, I am not going to propose going down when the market is rising, so yes, there is a bullish sentiment and it will extend until January where it will probably rise in price more, and then if it is smart to be bullish, if by chance the price starts to drop it will not matter, you could try to buy in that correction, it is the smartest thing that many can do, for gold lovers, if I had gold I would sell and buy BTC, that simple.

A lot of us will disagree to this because I don't see Elon going to be working with Kamala if she won. Or Gensler will be replaced by someone if Kamala will win. Although we are expecting a bull market will come regardless of who will win, the market needs someone with a good relation to crypto.

Someone that the community can use to hype the market and has the reputation that will save the US economy through BTC reserves and Trump has this karisma. Although many are against him, his win will calm down the tension in geopolitics and focus on economic cooperation.

It is very easy that due to the events in the elections that Trump won, things improved significantly, because at the time that the winner was known and it was him, that increased the confidence in many people, and those who believed that the market was going to be very bearish have no effect now, of course the price that is subdivision is also due to the fact that many are buying bitcoin and want to continue earning, the more they sell btc the higher the price will go, you could say that there are many expectations, but there is a whole 2025 in which the options can get much better than now.

This is what I said for a long time but nobody really cared. I said that no matter if Kamala wins or Trump wins, the price would go up and the price would be higher because the bull run was coming, this is the time for bull run and that is what we are going to see. I am not saying he didn't had anything to do with the timing, I am sure trump is the reason why it happened now, if kamala won maybe it would be a month later, but I knew that the price would go up no matter who wins. This is just Americans thinking they mean so much to the world, nothing more and they are not unimportant neither, of course they are important, just not as much as they think they are.

In the end, trump may have caused the bull to start sooner, so he may have something to do with the timing of it, considering it started after the election, we could say that he did this now. But no matter who would have won, it would have gone up, that much is known. We can't know for sure, we will never know, so there is no point in arguing over it.

Its a proper breakout, almost +10% today and maybe justified after we stayed below the old ATH for so long.

ATH was set in 2021 and we are nearly into 2025, in that time we've had inflation rates over 10% per year which seem to make the old prices more then capable of being exceeded (their value now diminished thanks to dollar).

   We are as positive now as back then with more BTC users around the world hence prices rising is fair some would say.   Im always apprehensive at fast moves, to me its instability but in sight I have no target especially but 100k which is 61% greater then the ATH and registers as some echo of resistance and thats a maybe.

Bitcoin going to be bullish was something we already expecting for a long time and when it happened, we were not full with a lot of surprises. Why speculators are pointing it to political atmosphere was the fact that the bullishness only started after the announcement of the winner in the presidential election. The winner also was a big supporter of bitcoin, so it will tend to make everyone think in that direction and see it to be the reason behind that. As bitcoin enthusiasts, we just know that the bull run will come with or without the election results been in favour of the candidate that have the most support for bitcoin. I also thought it was the election effect but now I’m not even thinking the effect will last for this long and now see it as a natural phenomenon and the time for it has come.

Up until now, Bitcoin have been on the leading market position, and haven't achieved a significant baseline resistant benchmark of about $80,000 + market and have build such a huge liquidity, Bitcoin have come to be at the edge of breaking a new trends and benchmark Price before the end of the year 2023.

I believe that in the early months of 2024, we are going to be seeing a tramenduse market achievements for Bitcoin and also couple with the fact that Trump's success impact have been huge on Bitcoin and the entire cryptocurrency market lately.

We are going to be seeing some positive, policies directed at Bitcoin, and this is going to boost Bitcoin price potential in the months to come and the government get hand over properly.

The thing is that we are still speculators because we acts some level of dramas here in predicting what the price of Bitcoin may be in the closest. We have investors and traders and so we all anticipates on how we can just keep growing of our hodling on Bitcoin which is literally the one high increase of the market price.

Let us not also claim like we don't know, lot of us here so much as well believes there are some touches of political influences that led the current market increase such as the Donald Trumps US election victory.

But because we shares possible updates and opinions here, we are also believed that it was not only a vest of the political affairs and prompted this surge of Bitcoin price but as well that huge investors probably anonymous has either bought a board to their holdings or newly whales had come on board which is the lead driver of the current market price.

So I assume we here are still such speculators.

But if you have to know that bitcoin went up because Donald Trump won and that is something that you can not say no to, the event is important, if it were not important the price would have gone up only on November 5th but by now it would have already gone down in price, if it is due to that, the price was due to political factors and not only that, but the bitcoin community had to have voted for Donald Trump so that Bitcoin would have much more adoption and the word would reach all parts of the world, bitcoin in the USA is not very common to use, I am sure that now the payments for any purchase will be put little by little with bitcoin, so it is positive.

I also quite agree with the reason you said that everyone does not need to rely too much and expect more from a politician like you mean because everyone's attitude can change in a matter of hours so that it can cause other things to happen that could be very bad for current Bitcoin holders. But looking at the price of Bitcoin which is still around $76K in the market, I think there are still many people who really believe in what the politician has promised because this month Bitcoin has been able to break through a new ATH again.

We cannot argue whether or not the US presidential election has had an impact on the Bitcoin market. Of course the Bitcoin market is not driven by one person or one event, we don't want to struggle with the impact that Donald Trump's victory has had on the Bitcoin market. I don't want to stress it, but I believe one of the events has the effect of the Bitcoin market being so bullish. The Bitcoin market turned bullish towards the end of the presidential election when Donald Trump's victory was almost certain. In such a situation, the promises made by Donald Trump are reflected in the minds of some Bitcoiners and they think that this is the effect of the presidential election of the United States of America. I definitely think Donald Trump's promises served as an advertisement for Bitcoin. Bitcoin will be a bit more bullish if Donald Trump follows through on his promises.

If you really want to understand the "market behaviors" then you should do fundamental analysis on Bitcoin. This also includes reading the news, watching social media and following the latest market trends.

The current excitement and price action is due to Trump becoming the next president of the United States of America. The context behind this is that Trump made a lot of positive rhetoric and made it seem like he is a huge supporter of Bitcoin. When a powerful individual such as a president, especially the US president, makes such headlines, it tends to have a great effect on the price speculation.

Whether or not he actually likes Bitcoin remains to be seen. He may have just been pandering to the cryptocurrency crowd for the extra votes. Who knows?

Not something new on which those bears will turn out to be bullish on the time or moment that they've seen the market is really that having some huge increase on which you could really be able to determine into those people who are permabulls or perma bears and to those who are really just that riding with the waves. It will really be just that too impossible that you cant be able to determine with those people who are just
trying out to look like bears but actually does want to have those bullish momentum or behavior.lol. You could really be able to expect that there would really be that sudden shift when it comes to market shifts.
If you would really be trying out to look on what happened recently with that US election on which the price of Bitcoin or the entire market did make out that good increase or simply showing some long green candles,
we do really be able to see the entire space is really that aiming for direct $100k in price. hahaha.

This is a speculative market so you do expect that this will really be having that never ending speculation when it comes to price or value. We do love on speculating numbers and at the same time we do make out
some investment basing it up. So it will really be just that up to you on how you would really be that making those investment decisions in regarding or in line with those movement or behaviors or
be that mindful with those news and fundamentals that are currently existing on the market or currently happening. So it will really be that situational on this aspect.

Alot of people here do not reason differently but they think the same way that the speculators are thinking. We are getting new threads daily on the forum and they all have to do with Donald Trump winning the election therefore we also think the market being very bullish all of a sudden has to do with him winning. It is not only the cryptocurrency market that is benefiting but every other market is getting the positives impacts. I think people were just tired of the Joe Biden government and were waiting on something new and different which is what Donald Trump government is going to bring. Speculators become bullish when they see signs that the market is going to become bullish too but it does not always happen although this time, they were right.

definitely, I expect the same thing too, the price will climb above $80k until that happens, then there might be little retracement, people taking profit, doesn't mean change of trend, just BTC trying to get footing to resume the rally again.

to be honest, i expect the real big rally to happen at april, since that's exactly 1 year after halving, since BTC have fair history of always repeating the same pattern, we might repeat bullrun again just like before, which exactly happening at around april, I think people also expect the same.

We can't deny that the political influence was there and it was impactful for the price of Bitcoin. It's not just a coincidence that on the actual counting day, the price pumped and reached new ATHs. This is the reason why even the short term speculators have been bullish because they knew it coming. Their analyses tallies to what they're expecting due to the US election and that had made them decide to be short term. But what's important is on how we view this market, we're long term and we're going to hold even after the elections. I also believe that even after this bull run on 2025, many will stay and become more optimistic because they have studied more about how the market works.

This growth is not due to his stance and support for bitcoin as he is not yet an official president and has not taken any concrete actions to show that he supports bitcoin. It's all because the market trusts him, the market believes in what he promises, and this could be a double-edged sword for us. Because if he changes his attitude and does not keep his promise, we will harm ourselves by placing too much hope in a politician.

I won't thank him because he has our support, his victory also has our contribution, and he needs to give back and we deserve it. To me, this is just our exchange with politicians.

I mean in general a LOT of people just look at the current price to judge whether the market is going to be bullish or not, and 70k is a breakpoint that a lot of people are expecting to be the start of a bullish run. To note I don't think it is to be fair, but well here we are at 76k, not that us reaching 70k was the cause though. I reckon the initial pump was because of the Election and Trump winning and anything that followed after was just people hyping it. We're probably going to see a correction next week (unless Trump announces his plans for Bitcoin). At least I'm assuming one's going to happen.

And besides, it's all speculation. It ain't going to hurt you and in the first place, we all do it ourselves!

We top at $76,943.12 as per coinmarketcap and this is our new all time high for now. But it could be a tough $80,000 moving forward as for sure there could be profit taking here specially for short term traders and this is what the OP is trying to ask. They are speculators and so they will need to be as bullish as they can be and then have a sell order maybe at a new all time high for quick flip.


That was March if I'm not mistaken, so if they continue to mark a run and buying during the dip when go down to $50,000, then they are really very happy that they stay on the market and was not shaken up with the market had a steep correction from $73,000->$50,000. And this is just the beginning, as we all have been looking at six digits in next year. So we still have time to save more and accumulate and still make a decent profit.

They are not far from the truth. Of course the market reacted based on what was going on in US election on 5th and that followed the analysis of those speculators.


We don't need to rely on our knowledge alone on Bitcoin at least for the next one year that Trump will be in charge of the economy of US. Moreover, if you listened to the speech of Trump after winning the election, he believe so much on Elon musk and surely Elon will be a very strong member of the team and Trump himself is a lover of innovation and cryptocurrency which Elon is going to be the space leader  . So expect more volatility in the coming months.

For now the whole atmosphere is bullish since new investors are trooping in the market and more bitcoins are being bought rather than sold. This is literally a time to hodl and not be moved to sell as we should be anticipating more bullish trends that will project the price to achieve more greater ATH soon.


Those who bought during the previous ATH must have made a little profits from their investment in bitcoin but it's not enough to consider selling now that another ATH has been created as the target is for a long term regardless of the ATH it has been able to get to. I believe after the inauguration of Donald Trump, the crypto market will experience incredible growth.

yeah turns out the bullish sentiment is justified and BTC actually get a new All time high, this is great . bitcoin also showing no sign of weakening, probably just trying to sweep its path from liquidity wall all the way through $80k which gonna be great, just imagine we close above $80k this year, i'm sure at the Q1 of next year we might see $100k easily.

anyone who bought at previous ATH and got fomo'd already be making profit these days, the key is always patience, bitcoin is deflationary and the value will just keep increasing despite the occasional bearish, hopefully the new US regulation will favour crypto more.

The whole event turn out in favour of bitcoin and the entire cryptocurrency  market as the victory for  Trump turned out to be a big victory for the entire cryptocurrency market, this is because of his stands, and support towards bitcoin adoption in the US, let hope we can see some flexibility in the government policy as regards to cryptocurrency and other virtual assets and it management.

There have been alot of speculations in the market and for sure the price of bitcoin also have shown alot if positive outlook ever since the announcement of Trump as the winner of the election, this is a major significant shift in the price of bitcoin.

We all saw how bitcoin made new all time high price benchmark since yesterday and the current market prices of bitcoin which is still at $76,k+ price.

to be honest, the current new ATH also paves way for the long term holders, it gives clarification that Bitcoin just gonna breakthrough $80k and it's only matter of time. the recent US election has helped bitcoin to sweep the remaining big liquidity wall around $74k-76k, we will see if bitcoin just gonna resume its rally and breakthrough $80k but I think there will be little retracement first.

in a nutshell this new ATH is not only good for the short term speculator but also for long term investor, so really there's nothing wrong with celebrating this rally.

Looking at the market forces, Fundamentals , Technical and market speculation, these three are the major drivers of the market, The US presidential election played an important role as one of the driving factor which the speculators paid so much attention to lately because of the campaign promises the president election made about the Policies that he will put in place when he gets into the office.

There are things to draw out from this and one can eventually learn from them, i have some point to list below concerning why things like this happens and what we should expect or do when such occurs.

1. When you're hearing about speculations on bitcoin market moves, then try to pay attention on it and also go ahead to check using different analysis on your chat.

2. The news could have a significant impact on the price, just as we have seen, that the moment the election is in favour of Trump, the market begin to go bullish.

3. Most of the rumors about what we hear were actually the fact about the whole situation, even though there may not be any cognitive reason to back it up to hundred percent.

4. When the bullish trend is about to take place, we may experience being bearish a little before this begins, some would have thought of the market going bearish not knowing its an indication for bullish.


Its true, we have already seen the evidence, he won and the market hits all time high.

A new ATH warrants the hype as we've never traded these prices.   There is no volume in the 70k price area or above which often will mean progress higher is without resistance to any buying.

In that respect this is the time for this type of attitude with bullish expectations.  I naturally want to trade the highs and buy lower if possible but at times that idea can be a mistake.

First of all with this new ATH I will be looking for confirmation.   Roughly speaking that is price action forming support above 69k and ideally above 73k for a full green push upwards.    
    Generally a bullish move will check levels as it moves higher, we should be trading above a weekly average to remain bullish, not too hard its 70k.

We must have been posting on very different forums, then, my friend. I'm of the opinion that most of us here are at a level where we're very much at the same arbitrary reasoning that most retail investors are at. Come in at every different moment of price and we're all more or less yapping the same things outside (yours truly included).

We're really not better than others. And we don't have to be, there's no competition. At least, not here in Speculation sub

A pretty good short-term gain for those who have already taken profits, this market reaction was quite shocking as bitcoin rose significantly during the vote.
Whether they are short or long term Trump still won ... They expect from this victory, there will be a lot of anxiety if Trump does not win.

Trump won, and Bitcoin reacted positively to it; that's the influence of what good news can do when it enters the crypto market. Many crypto analysts have been speculating for a long that if Trump wins the US election, the market will show a green candlelight. That's what we are seeing right now.

However, I believe many speculators will be happy about the sudden increase of Bitcoin from $68k+ $75k within 24 hours. They will be happy about the short-term profits Bitcoin has given them because that's what they only care about short-term profits, not long-term profits, as many of us do here.

November is really going to be a bull market start month for bitcoin, today bitcoin set a new ATH above $75K, which is very happy for all bitcoin investors, however we are currently waiting for the final results of the election, hopefully the final The result will be Trump's win, and if Trump's victory is confirmed, there is a high probability that Bitcoin will surpass $90K this year, and we may see Bitcoin go to $150K+ in the next year. Anyway, the electoral victory is leaning towards Trump right now, and Trump is far ahead of Harris. The probability of Trump winning is very high, now let's see what the final result is.

Yes, and that's what we have been saying all along, that the US election is going to be the biggest catalyst for this bull run. Others might have doubt it because they don't want Trump to win, however, it's hard to stop now, that Trump is leading the election, thus pushing the price to a new all time hihg.

As for the OP's question, it's obvious though, that's why they are called speculators, because they are short term traders and wanted to make a quick profit that's why the are very bullish in short time frame because that's how they make money.

Bitcoin set an all-time price record of $75K according to Coinmarketcap data... 

The month of November has been a bull market for the crypto market especially bitcoin reaching its record... this is inseparable from the ongoing US presidential election vote count... According to Polymarket Trump is still ahead in the vote.

As such the reaction to the market is quite large the impact of this election ... some are happy, especially bitcoin investors if this election Trump wins.

I think it's pretty normal, people are tensed with the election outcome, they afraid people are selling the news and the market become bearish, the fast reversal from $73.8k to $67k is already bad enough, knowing that somehow the market recovers back to $70k is like a fresh air, no wonder they become bullish.

I mean if we being frank here, these past few months BTC always dumps around the first week of the month and resume the bull later, if this month around bitcoin follow the same routine, this meant an even higher ATH is imminent.

but I think pretty much the reason why so many people are so bullish with this local high is that, it doesn't go below descending channel breakthrough line and bounced right around that.

The real hype should be for the lowest prices that arent in the spotlight.   The highest prices posted are unreliable and frothy, they dont have half as much substance to rely on for actual genuine change to sentiment.  BTC can shoot up and lose it again in a day, no point getting worked up over that or you will get tired out and lose patience.

There is a good reason to be positive now and its action thats been built over the last few months despite apparent negatives in that time its been built well enough to challenge these highs and not fall like a rocket out of fuel afterwards.    The price is beating 2 day and 12hr averages but current highs are below the weekly average so we have to consider present action as challenged subject to resolve negative while thats true; wait till its regularly proving positive above both weekly and 50 day average.

Yes there is no taking away the hype around bitcoin price during this election and I won’t just say it won’t affect it a little bit but it’s somewhat overhype to me as I don’t see it having any significant impact at least not right now, market is experiencing a swing between resistance and supports levels simply because the price is trying to break a resistance which in this situation is the all time high and as such all long positions will have their target Almost hit and short positions getting trigger at this point too. Also there is those who are FoMoing to buy because they expect a bull run soon and their are those selling off maybe their target has been reached too which is not bad either.

BTC price:

Today bitcoin touched $70,500+ before correcting back to the current prices, and within this short period that lasted less than 3 hour's, so many bitcoin market speculators became so bullish with they specualtive analysis but their joy was short leaved when bitcoin suddenly slided below 69k and struggled to reclaim that 70k benchmark without any result as at now.

Alot of bitcoin market speculators pointed to political atmosphere to be responsible for the current market reaction.

But for us here we are at a level where our knowledge about bitcoin make us to reason differently that is why I brought this here to know what the opinion of forum members is on this market behaviours.