Bitcoin Surges to New All-Time High, Nears $82K! đ
Bitcoin (BTC) hit a fresh all-time high of $81,888 on Bitstamp,
making headlines with a strong start to the week. Analysts are
split on whether this marks the start of a new rally or if a
correction is looming, but bullish sentiment dominates the
market.
đš Bitcoinâs Parabolic Move?
Veteran trader Peter Brandt believes BTC could be entering a
parabolic phase, with targets revised to $125,000 by year-end.
This optimism follows a strong weekly close and a 7-month
consolidation breakout.
đ Macroeconomic Factors in Focus
Upcoming economic data, like the CPI and PPI reports, could
impact BTCâs trajectory. The Fedâs recent interest rate cut adds
to market speculation, with traders closely watching for any
signs of inflation cooling down.
đ Competing with Gold
Bitcoinâs latest surge has drawn comparisons to gold, with
institutional investors showing growing interest. Inflows into
BlackRockâs Bitcoin ETF recently surpassed its gold ETF,
hinting at a shift in preference.
đ $100K on the Horizon?
Despite its record-breaking rally, mainstream interest remains
low, similar to early 2020 bull market levels. However, analysts,
including Karan Singh Arora, see $100,000 as an inevitable
milestone by year-end.
#bitcoinâïž #Bitcoinâ #BTCâ #BTCNear82k #Write2Earn! $BTC
