Bitcoin on the brink of glory, or of a fall?
Unbridled optimism raises doubts
Bitcoin (BTC) is dangerously close to breaking its all-time highs, driven by strong institutional demand and investor fervor. However, this overflowing optimism is generating concern about a possible "overheating" of the market and the imminent threat of a correction.
Summary:
Bitcoin is experiencing a strong rebound, approaching its all-time high thanks to institutional adoption and ETFs. On-chain data shows a growing realized capitalization and an increasing open interest in futures. Nevertheless, excessive optimism, reflected in overbought indicators such as the RSI and profit-taking signals, suggests that the market could be "overheated". While demand remains strong, history warns about the risks of overly exuberant bull markets. Investors should be cautious and consider the possibility of a correction despite the allure of new highs.