Bitcoin is currently forming a giant bull flag on the monthly timeframe, similar to patterns observed in 2016 and 2020. Historically, these patterns have resulted in significant price increases, with a 4,900% rise in 2016 and a 666% rise in 2020. The breakout target for this bull flag is projected to be between $100,000 and $260,000, with some estimates as high as $165,000. The breakout level is currently at $70,500. Additionally, MicroStrategy (MSTR) has also shown bullish patterns, breaking out of its daily flag and seeing a rise to $242.50, with potential to hit $300. The upcoming U.S. elections are anticipated to have a substantial impact on Bitcoin's price, with some predicting a new all-time high (ATH) and a potential exponential rise post-election. Historically, Bitcoin saw a significant increase after Donald Trump's election in 2016, rising from $700 to $19,000 within a year.