Bitcoin recently reached a high of $108,000, marking a significant milestone in the cryptocurrency market. This surge was driven by growing institutional interest, favorable market conditions, and a weakened US dollar. However, following this peak, Bitcoin experienced a sharp correction, falling to around $103100. This dip is attributed to profit-taking by investors and technical market adjustments. Analysts view such corrections as healthy for long-term price stability. Despite the short-term volatility, the market remains optimistic, with many predicting Bitcoin could surpass $150,000 in the next year, given continued adoption and supportive macroeconomic factors.

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