**Bitcoin Forecast to Surge to $80,000 After Trump Election Win**

Cryptocurrency analyst Michaël van de Poppe projects a significant rise in Bitcoin's value, potentially reaching $80,000 this November, following recent election outcomes.

According to van de Poppe's forecast on social media platform X, Bitcoin, currently steady at its new all-time high (ATH), could experience a slight correction before rallying over 5% from its present price. "Bitcoin is consolidating around a new ATH. I do believe we'll continue, but probably have a slight correction first - dips ready to be bought. Next? $80,000 in November," he posted.

Van de Poppe attributes this expected surge to a substantial $2 billion influx into Bitcoin exchange-traded funds (ETFs) after Donald Trump's electoral victory. He noted that the election of a pro-crypto president has positively influenced market sentiment, driving significant investments into the cryptocurrency sector. "Record-breaking inflow in Bitcoin since Trump won the elections. More than $2 billion has flown into the Bitcoin ETF. More than $120 million has flown into the Ethereum ETF. The bull market is here," van de Poppe stated on X.

At the time of writing, Bitcoin was trading at $75,966, reflecting an increase of over 11% from its Election Day low of $68,206. Van de Poppe's bullish outlook extends beyond Bitcoin; he also foresees continued growth for Ethereum. Currently, Ethereum is priced at $2,920, up more than 21% from its Election Day low of $2,403.

This optimistic prediction underscores the resurgence of Bitcoin following the U.S. presidential election, driven by Trump's victory. The significant influx of investments into Bitcoin ETFs suggests a bullish market trend, and van de Poppe's positive expectations for Ethereum hint at a broader upward momentum in the cryptocurrency market.