Bitcoin Surges to New All-Time High, Nears $82K! 🚀

Bitcoin (BTC) hit a fresh all-time high of $81,888 on Bitstamp,

making headlines with a strong start to the week. Analysts are

split on whether this marks the start of a new rally or if a

correction is looming, but bullish sentiment dominates the

market.

🚨 Bitcoin’s Parabolic Move?

Veteran trader Peter Brandt believes BTC could be entering a

parabolic phase, with targets revised to $125,000 by year-end.

This optimism follows a strong weekly close and a 7-month

consolidation breakout.

📊 Macroeconomic Factors in Focus

Upcoming economic data, like the CPI and PPI reports, could

impact BTC’s trajectory. The Fed’s recent interest rate cut adds

to market speculation, with traders closely watching for any

signs of inflation cooling down.

🏆 Competing with Gold

Bitcoin’s latest surge has drawn comparisons to gold, with

institutional investors showing growing interest. Inflows into

BlackRock’s Bitcoin ETF recently surpassed its gold ETF,

hinting at a shift in preference.

🚀 $100K on the Horizon?

Despite its record-breaking rally, mainstream interest remains

low, similar to early 2020 bull market levels. However, analysts,

including Karan Singh Arora, see $100,000 as an inevitable

milestone by year-end.

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