Bitcoin hits new all-time high, experts predict bullish outlook
• Bitcoin's price reached a new all-time high of $69,000 on Tuesday, sparking discussions about its future trajectory.
• Some analysts believe this time is different from the previous all-time high in November 2021, citing strong momentum for spot bitcoin ETFs and steady inflows from institutional investors.
• The upcoming bitcoin halving, where rewards to miners will be cut in half, is also seen as a positive factor, historically leading to months of uptrend.
• However, some experts caution that a short-term correction may occur before a further push towards $100,000, with a potential retracement to the mid-$40,000 level.
