Is Bitcoin settling for $93,000 or is it still on its way to $100,000? -

Bitcoin has reached an all-time high of $93,400, after a rapid rise from $68,000 in less than ten days.
This rapid growth has sparked a wave of optimism among investors, with the fear of missing out (FOMO) rising dramatically.
The growing demand for spot Bitcoin ETFs in the US has been one of the main drivers of this rally.
However, market data has shown significant outflows from these funds,
although they are still lower than inflows.
Trading volumes of ETFs hit a record high of over $8.2 billion,
which coincides with the previous peak in March 2023, and could signal a potential correction in the near term.
With Bitcoin up 35% in eight days, expectations that the currency will reach $100,000 have become widespread.
But experts warn against the excessive greed that often precedes painful corrections.
Historically, waves of extreme optimism have led to temporary declines, and it seems that the current trend may be no exception, especially with the price already below $90,000.
