Breaking News: $BTC Hits New ATH at $106,648! Don't Forget the FOMC Meeting on December 17-18, 2024!

Several officials of the United States Federal Reserve, the country's central bank, are still open to cutting the benchmark interest rate at the Federal Open Market Committee (FOMC) meeting next month. Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, said it's still appropriate to consider another interest rate cut at the central bank's meeting on December 17-18, 2024.

Will this drive another high? Or will we see a huge correction before another high?

Before we dive into the potential implications of Bitcoin's price surge, let's try to understand what's driving this trend. Is it a new trend or just a speculative bubble? There are several factors that could be contributing to Bitcoin's price increase, such as growing interest in the cryptocurrency globally, new investors entering the market, and experts predicting a price surge.

However, we must also consider the challenges associated with Bitcoin's price surge. For instance, the volatility of Bitcoin's price, changes in government regulations, and the rise of other cryptocurrencies could impact Bitcoin's price.

Therefore, before we make any predictions about Bitcoin's price, we must consider all these factors. And, we must also try to understand whether this is a new trend or just a speculative bubble.

Now, let's wait and see what happens to Bitcoin's price. Will it hit a new ATH? Or will we see a huge correction before another high?#BTCNewATH