Bitcoin Price Outlook After All-Time High: Larger Rally Or Corrections? 🚀
Bitcoin (BTC) has broken through the $125,000 mark, setting a new all-time high. This surge is attributed to strong investor confidence and structural demand patterns, rather than speculative trading. Analysis by Swissblock indicates genuine demand fueled the rally, amidst retail and institutional participation.
The BTC supply on exchanges has decreased to a six-year low, suggesting reduced selling pressure and enhanced long-term investor confidence. A healthy market correction has been viewed as a buying opportunity, further bolstering the asset's bullish outlook.
Bitcoin's price surge may face a temporary cooling if profit-taking pressures intensify, with risk of declining below $122,000. However, current indicators suggest potential for continued momentum and new all-time highs.
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