🚀 Bitcoin Blasts Past All-Time High to $111,800! 🚀
Bitcoin is in full price discovery mode, soaring past its previous all-time high of $109,300! After a brief dip to $74,500 in early April (which turned out to be another bull flag!), BTC has rocketed upwards in just five weeks.
Why the surge?
USDT Dominance Breaking Down: Money is flowing out of stablecoins and into Bitcoin, with USDT dominance potentially dropping to 3.8%.
BTC Soaring Against Gold: Bitcoin is rapidly gaining on gold, currently at 33.3 ounces per BTC and eyeing the 34.6 ounces resistance. The 41-ounce all-time high against gold is the next big test!
What's next? While sentiment is bullish, short-term indicators (Stochastic RSIs) suggest momentum might falter, and volume remains thin compared to previous breakouts. Will volume pick up to sustain this rally?
Get ready for some potential bumps, but the rocketship is still flying! #Bitcoin #Crypto #ATH #PriceDiscovery
Disclaimer: This is for informational purposes only and not financial advice.
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