With just a few days remaining until the US presidential election on 5 November, many analysts are convinced that a Trump victory could propel bitcoin to new heights, potentially creating what is known as a "Divine Candle." This belief is fuelled by Trump's promises to elevate the leading cryptocurrency, making it almost a new symbol of the United States. Last month, analysts at Standard and Chartered Bank predicted that Trump's win could push bitcoin to $125,000, while a victory for Kamala Harris could also lead to an increase, but only to around $75,000. The well-known brokerage and research firm Bernstein has arrived at a similar conclusion.

If Trump wins, a massive green "Divine Candle" could emerge simply due to the power of market sentiment. Analysts point out that over the years, bitcoin has formed several such epic daily candles. The largest "Divine Candle" was recorded on 10 April 2013, when bitcoin's price surged from just under $20 to $290, a 115% increase in one day. Another impressive spike occurred when Elon Musk's Tesla invested a portion of its funds in bitcoin. Following this, on 8 February 2021, the price of digital gold jumped by 22.4% in a single move. According to experts, if Trump wins, the candle could fall somewhere within this range. However, this doesn’t necessarily mean it will stay there. It is quite likely that BTC/USD prices will quickly correct in one direction or another.