Bitcoin's price is currently 14% below its all-time high, with projections exceeding $80,000 in the near future. However, achieving a new ATH of $100,000 may not be as significant when considering inflation adjustments. Analyst Luke Broyles suggests that reaching $100,000 would barely surpass BTC's 2021 purchasing power, which would equate to an inflation-adjusted ATH of $83,000. Data from the US inflation calculator supports this claim, indicating a current price of $80,159.88 for an item bought at $69,000 in 2021. Despite historically bearish trends in September, Bitcoin has seen an 18% increase in the past two weeks. The cryptocurrency is now approaching a critical resistance level at $65,000, which could signal a shift towards a bullish trend. A potential breakout towards $86,000 is anticipated, with a megaphone pattern suggesting a 34.37% upswing in the coming weeks. Read more AI-generated news on: https://app.chaingpt.org/news

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