Analysts see that the victory of Republican President Donald Trump means supporting the strength of the dollar, while Democratic candidate Joe Biden's victory will throw the US currency.

Then you will determine the nature of the effect on the Bitcoin price that has an inverse relationship with the green currency.

Also, economic stimulus packages in the face of the repercussions of the Corona virus are now imposing themselves strongly, whether within the United States or Europe, which means a negative impact on the dollar.

Michael Van de Pope, analyst at Cointelegraph Markets, said that Bitcoin is facing resistance at the $ 12,000 level, and that this area is expected to be crossed soon.

He stressed that breaking this level, which constitutes the current obstacle in the face of Bitcoin, will open the way to reaching the 16 to 17 thousand dollars area.

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