Gold News reported that CoinDesk senior analyst James Van Straten believes that even after the first breakthrough of $77,000, the price of BTC looks likely to continue to soar. BTC's breakthrough of $77,000 may be due to the optimistic sentiment of the encryption industry towards Trump's victory. Interestingly, BTC did not undergo dumping, but instead broke through previous highs on November 6th ($76,400), November 7th ($76,900), and November 8th ($77,200). Gold and the U.S. stock market are doing the same, first hitting highs and then breaking through them. BTC has been hovering between $50,000 and $70,000 for seven months, and although it has now broken through this price range, investors are still patiently waiting for higher prices.