Bitcoin has hit record highs several times this week but has shown no signs of "overheating", with several analysts pointing to fundamental factors that suggest it could rise further. "From a fundamental perspective, the market does not appear overheated," Alex Thorn, head of research at Galaxy, said in a market report on November 7. Aurelie Barthere, an analyst at crypto analyst firm Nansen, echoed a similar sentiment. "Bitcoin's breakout of all-time highs amid high trading volumes is a clear sign of continued positive momentum after the election," Barthere explained in a market report dated November 7. Barthere pointed out that after Donald Trump won the US presidential election on November 5, traders began to "take risks again", which is reflected in the recent rally in the crypto market.