Bitcoin's recent surge to $93,500 hasn't yet translated into dominance over major assets like the S&P 500 and gold. Caleb Franzen of Cubic Analytics believes Bitcoin's outperformance is inevitable, though it hasn't happened yet. Despite Bitcoin's gains, it hasn't surpassed its all-time highs set in early 2021 against these macro assets. Meanwhile, Charles Edwards of Capriole Investments suggests Bitcoin could soon follow gold's historical breakout pattern. However, some traders, like Credible Crypto, warn of potential downturns, eyeing $72,000 as a critical level if Bitcoin fails to maintain momentum.
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