Bitcoin surging past $106K after the post-inauguration pullback is a major signal that market sentiment is shifting rapidly. Several factors could be fueling this rebound:
1. Institutional Confidence: Renewed interest from hedge funds and ETFs might be injecting fresh liquidity.
2. Geopolitical Uncertainty: Political changes often drive investors toward decentralized assets like Bitcoin as a hedge.
3. Halving Anticipation (2028): Historical trends show strong rallies in the years following a halving event.
Prediction: If Bitcoin holds above $100K for the next few weeks and volume remains high, we could indeed be witnessing the early stages of a new bull run. A new all-time high (possibly $120K–$140K) in the next 6–12 months is not out of the question — but volatility will remain a key factor.